Indian Railways finds a way to make money off Uber, Ola cabs

Mashable 

In what appears to be a win-win situation for all parties, the ministry of railways has begun allocating Uber and Ola with parking space outside some railway stations. Five stations in Bangalore, India's Silicon Valley, have provided ride-hailing services Ola and Uber with parking space and a point to pick up commuters, according to an official at the ministry who spoke with Infracircle. The cab companies, will in turn, pay the Indian Railways hundreds of thousands of dollars in a year. The Indian Railways, which governs the world's fourth largest railway system, expects to earn around Rs 70 million ($1.04 million) a year. IRCTC, a subsidiary of Indian Railways, will soon add Ola and Uber booking options to its flagship app, the official added.

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  Industry: Transportation > Ground > Rail (1.00)