Uber plans to invest $50 million in Hyderabad over next 5 years
Uber has committed $50 million as its Indian 'hub'. The city will provide Uber's training locations for drivers as well as customer support staff for its customers. Uber plans to hire approximately 500 people to the facility in the next 5 years. The new training facility comes from a recent collaboration with Telangana Academy for Skills and Knowledge who will help train and identify over 2000 drivers by the end of next year. 
NEW DELHI: Online taxi-hailing company Uber has committed $50 million (Rs 317 crore) over 5 years for a centre it is establishing in Hyderabad to train its drivers and customer support staff.Under a memorandum of understanding it signed with the Telangana government, Uber plans to hire about 500 people to this facility in the next 5 years. Its India customer support team already operates out of Hyderabad.Uber will also collaborate with Telangana Academy for Skills and Knowledge to identify and train more than 2,000 drivers by the end of 2016, who will then drive on its platform, the company said in a statement on Monday.In April, Uber appointed Amit Jain , a former top executive at US-based Rent.com, as its first India head, signaling that it was betting bigger on India, its largest market outside the United States . Uber, which competes with Ola and Meru in the country, has been expanding aggressively in China and India as it globally bets on emerging markets to drive growth and business opportunities.Early in July, the company in its single largest expansion in India began operations in Bhubaneswar, Coimbatore, Indore, Mysore, Nagpur, Surat and Visakhapatnam, taking its total presence in the country to 18 cities.