Taxi-hailing services firm, Ola, on Wednesday signed a memorandum of understanding with the Andhra Pradesh government.
"As the government works toward transforming AP into a tourist hub, Ola will use its expertise to provide technology for more than 50,000 vehicles in the state. Ola will be investing over Rs 150 crore towards skilling, opportunity creation and technology deployment across the state over the next three years," Pranay Jivrajka, chief operating officer of Ola, said in a statement.
Currently, Ola has over 10,000 vehicles on its platform in Andhra Pradesh and it plans to increase this number to 50,000 in the next three years.
Ola launched its on-demand cab-booking app in Andhra Pradesh in 2014. It has a presence in Vijayawada, Visakhapatnam, Guntur, Rajahmundry and Tirupati.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app