Explore Business Standard
India's cooperative sector is set to challenge ride-hailing giants Ola and Uber with the launch of a taxi service under the brand Bharat by the end of this year, backed by Rs 300 crore authorised capital and having already onboarded 200 drivers across four states. The Multi-State Sahakari Taxi Cooperative Ltd, registered on June 6, represents a consortium of eight prominent cooperatives, including the National Cooperative Development Corporation (NCDC), Indian Farmers Fertilizer Cooperative Ltd (IFFCO), and Gujarat Cooperative Milk Marketing Federation (GCMMF). Last month, Cooperation Minister Amit Shah had indicated that a cooperative taxi service will be launched by the end of 2025, while unveiling a comprehensive cooperative policy for the sector. "The key objective is to ensure better returns to drivers and provide quality, safe and affordable services to passengers," NCDC Deputy Managing Director Rohit Gupta told PTI. The venture operates without any government stake, being ..