Ola to invest Rs 100cr for skill development over next 3 years

Taxi aggregator Ola will be investing Rs100 crore for addition and skill development of one lakh drivers to its platform over the next three years as part of a Memorandum of Understanding (MoU) it has signed with National Skill Development Corporation (NSDC) for training, skill development and empowerment of these driver partners.

Under the project, Ola and NSDC will identify people from various sections of the society and provide them with the expertise to become driver entrepreneurs, Ola said in a statement.

"Ola aims at investing Rs 100 crore in adding 1,00,000 drivers to its platform," it added.

"The mobility sector in the country is witnessing phenomenal growth and has the potential to empower aspiring individuals from all walks of life to become entrepreneurs. We are extremely excited to partner with NSDC to invest in the training and skilling of drivers as this would help us in realising our objective of nurturing micro-entrepreneurship," Ola co-founder and CEO Bhavish Aggarwal said.