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Uber to invest Rs 120 crore in Haryana ops

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Taxi-hailing app on Wednesday signed a pact with the , wherein it will invest Rs 120 crore in technology based ride-sharing services. The memorandum of understanding (MoU) was signed at the Happening Haryana Global Investors Summit 2016.

Uber will invest in technology based ride-sharing services, which includes peer-to-peer transportation in Haryana

Under the agreement, Uber will invest in technology based ride-sharing services, which includes peer-to-peer transportation using private vehicles where the driver is reasonably compensated for expenses, tolls and other related costs.

Uber said this new form of reliable and convenient urban mobility will help create a real alternative to car ownership. Uber will also collaborate with the government in creating smarter cities in Haryana.

“Haryana has been a leader in promoting information technology and we are excited to launch private vehicle ride-sharing to promote urban mobility, prevent pollution and reduce the time spent in traffic in our cities,” Secretary IT, Government of Haryana Vijayendra Kumar, was quoted by PTI as saying in a statement.

“We are excited to partner with the Government of Haryana and invest in ridesharing technology to promote efficient, eco-friendly and smart transportation in the state and the NCR region,” General Manager North India, Uber, Gagan Bhatia was quoted by PTI as saying.