Ola signs MoU with NSDC to train drivers; to invest Rs 100 crore in skill development

The joint project will involve Ola and NSDC identifying people from various section of the society and skilling them to become driver entrepreneurs, it added. Image Source: Reuters

In an attempt to nurture micro entreprenuership, Ola on Monday signed memorandum of understanding (MoU) with National Skill Development Corporation (NSDC) whereby announcing an investment of Rs 100 crore towards skill development.

“The MOU signed is towards training, skill development and empowerment of 100,000 driver partners in the next three years,” Ola said in a press release.

The joint project will involve Ola and NSDC identifying people from various section of the society and skilling them to become driver entrepreneurs, it added.

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The company aims at investing Rs 100 crore in adding 100,000 drivers to its platform.

Commenting on signing of an MoU with NSDC, Ola's chief executive officer and co-founder Bhavish Aggarwal, said in a statement, “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 larger goal to skill 50 lakh drivers in the next five years while contributing towards our mission of building mobility for a billion Indians.”

“Such initiatives will go a long way in promoting skill development and creating an environment of entrepreneurship for the people of the country,” NSDC manging director and chief executive officer, Manish Kumar, said in a statement.