Uber, the on-demand Taxi-hailing app, has signed a Memorandum of Understanding (MoU) with the Government of Punjab at the Progressive Punjab Summit in Mohali and is set to launch a peer-to-peer ride-sharing pilot business model in Punjab.

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The agreement will create thousands of jobs and entrepreneurship opportunities, foster technical innovation and develop a world-class technological infrastructure in the state of Punjab.The company aims to create over 45,000 opportunities in Punjab in the next five years through this business.

Under the pilot project, private car owners in Punjab will be able to register on the Uber app and ferry passengers.

Speaking about the partnership, Shri Sukhbir Singh Badal, Hon’ble Deputy Chief Minister of Punjab said, “We are pleased to partner with Uber in Punjab as they commit to state’s economic growth. Punjab has been a leader in embracing technology and innovation and we are excited about the entrepreneurship opportunities peer to peer ridesharing will create for the people in the state.”

Uber was launched in the city of Chandigarh in Punjab in August 2014, and is looking to expand into more cities across the state through this partnership.

“If a state wants to establish a policy of peer-to-peer ride sharing it is allowed under India’s laws. Singapore also has started a policy under which private car owners can ferry a limited number of trips weekly at about half the commercial taxi rates,” said Jaspal Singh, cofounder at transport advisory firm Valoriser Consultants.

Private car owners who sign up on Uber to become drivers will also be subject to verification and background checks just as commercial drivers are checked.

“Punjab has demonstrated true leadership by embracing innovation. It is creating a bold precedent in providing a supporting environment for technology-led businesses. We are incredibly excited to enter into this agreement with the Government of Punjab that will help both consumers and the state reap the benefits of ridesharing and the growing on demand, digital economy,” said Amit Jain, President of Uber India.

Today, Uber is present in 22 Indian cities — more than in any other country outside the United States.

 

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Sangeeta Ghosh

Sangeeta is an engineering graduate and is passionate about painting and music. She is always blooming with new ideas and is a real go to person when you are searching for one. Exploring good dining places across the city is her favourite off-field indulgence. At KnowStartup, she is an integral part of the editorial team.

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