India's DPI holds incredible promise, says Uber CEO as company partners ONDC
The company helps 900,000 Indians earn a living each month by driving with Uber which is available across 125 cities.
Ride-hailing major Uber on Thursday signed an agreement with the government's e-commerce platform Open Network for Digital Commerce (ONDC) to explore an integration with the network to expand the range of mobility offerings on the Uber app.
Dara Khosrowshahi, Uber's global CEO, spoke with Infosys Chairman Nandan Nilekani here during an event, saying that companies and governments around the world can learn from the scale and ambition of India's Digital Public Infrastructure (DPI).
The agreement with ONDC would “strengthen Uber's mission of bringing safe, affordable and reliable rides to all Indians”.
“We are excited to take our first step through this MoU with ONDC to explore how we can accelerate our ambition to make Uber a platform for every Indian's daily mobility needs,” Prabhjeet Singh, President, Uber India and South Asia, said in a statement.
The company helps 900,000 Indians earn a living each month by driving with Uber which is available across 125 cities.
“As the Open Network is continuously evolving, MTT (mobility, transport and travel) is certainly a critical sector for us."
"Today's MoU is a major step forward, and one we hope will enable a diverse range of mobility solutions to benefit every Indian,” said T Koshy, MD and CEO, ONDC.
Incorporated on December 21, 2021, ONDC is an initiative of the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce & Industry to create a facilitative model that revolutionises digital commerce.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Fundamental picks by brokerage: These 3 largecap, 2 midcap stocks can give up to 28% return - Check targets
SBI Senior Citizen Latest FD Rates: What senior citizens can get on Rs 7 lakh, Rs 14 lakh, and Rs 21 lakh investments in Amrit Vrishti, 1-, 3-, and 5-year fixed deposits
Tamil Nadu Weather Alert: Chennai may receive heavy rains; IMD issues yellow & orange alerts in these districts
SIP+SWP: Rs 10,000 monthly SIP for 20 years, Rs 25 lakh lump sum investment, then Rs 2.15 lakh monthly income for 25 years; see expert calculations
Top 7 Mutual Funds With Highest Returns in 10 Years: Rs 10 lakh investment in No 1 scheme has turned into Rs 79,46,160 in 10 years
SIP vs PPF: How much corpus you can build in 15 years by investing Rs 1.5 lakh per year? Understand through calculations
Retirement Planning: Investment Rs 20 lakh, retirement corpus goal Rs 3.40 crore; know how you can achieve it
03:12 PM IST