Uber collaborated with the Tamil Nadu government to take up its taxi numbers to 30,000 in the state and collaborate on a host of factors including smart city initiatives. Over 300 crore fund to be invested in Hyderabad to develop technological capabilities. Uber's Tamil Nadu deal is just one of 98 MoUs that drew in Rs 2.4 lakh crore.
The deal reflects that Uber's intent to work individually with states on policy framework and collaborate with the centre to get itself regulated. The taxi industry has not seen change for decades. When you see a disruptive change, it takes some time for governments to catch up on regulations," said head of Uber in India.
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