UBER to invest $50 million in Hyderabad, will offer thousands of new jobs
Set to be the company’s biggest facility outside of the US, the investment planned by Uber Technologies Inc. in Hyderabad will give rise to thousands of jobs and entrepreneurial opportunities. The new facility will be completed in the next five years while a Memorandum of Understanding has already been signed by the company and the Telangana Government.
Besides being Uber’s largest investment in the country, it is also the first of its kind agreement by any state government. Uber launched its operations in Hyderabad about 16 months ago and has seen its business grow by leaps and bounds. With thousands of partners in the state, Uber honed in on Hyderabad for this sort of investment not only due to a very responsive government but also for the pool of talent present in the state which is also known as a major IT hub.
Hyderabad is also the city where UBER first introduced cash payment system, a first in the world.
By entering into this agreement with Telangana, Uber plans to present a host of entrepreneurial opportunities to the people of the state while it will align with the government to spearhead various socio-economic opportunities for women and people from the backward sections of society.
An alliance with the Telangana Academy for Skills and Knowledge is also being planned wherein 2000 candidates will be identified and trained in driving skills and customer support by the end of 2016.