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Ola signs MoU with UP Govt to create over 50k entrepreneurs

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Ola-signs-MoU-with-Uttar-Pradesh-GovernmentOla, the popular cab aggregator has entered into a Memorandum of Understanding (MoU) with the Government of Uttar Pradesh to work towards skill development of youth across the State and create over 50,000 entrepreneurship opportunities over the next five years.

As per the MoU, Ola will also work with the State Government to introduce innovative and customised mobility solutions like Ola Auto, Ola Share and Ola Shuttle across the State in the coming months. By bringing more transportation solutions onto its app using technology, Ola is looking to serve citizens across Uttar Pradesh giving them instant access to reliable and convenient mobility.

On signing of pact with the taxi-hailing app, Chief Minister Akhilesh Yadav said the State is growing as an economic centre for the country faster than ever before. “The compounded annual growth rate of Uttar Pradesh in the last three years has been higher than the national growth rate. Technology and skilling are two major areas we would like to focus on to further accelerate the impact on the State’s economy,” CM said.

Ola’s commitment to building mobility for citizens by using cutting edge mobile technology and by enabling entrepreneurship and skilling will be invaluable, he added. “We are extremely delighted to bring them onboard as part of this MoU to skill and create opportunities for over 50,000 youth in the State of Uttar Pradesh,” Yadav said.

Ola has presence across nine major cities in the State that include Lucknow, Kanpur, Agra, Meerut, Aligarh, Allahabad, Saharanpur, Varanasi and Mathura. Currently, over 2,100 vehicles are registered on the Ola platform in the State and it is expected to go up to 20,000 in the next 5 years.

Ola Chief Operating Officer Pranay Jivrajka said, “We are proud to partner with the UP government. We aim to create more than 50,000 employment and entrepreneurial opportunities in the State by investing in skill development of youth.”

“We are bullish about Uttar Pradesh and will work with the state towards further improving access to mobility in its cities by bringing on-board innovative transportation use cases like Ola Auto, Ola Share, Ola Shuttle and more to complement the existing transportation infrastructure in Uttar Pradesh,” he said.

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