Online taxi company Uber is to invest a billion dollars, 0.91 billion euros, in India in the coming nine months.
The South Asian country is Uber’s biggest market outside the United States. The plan is to expand beyond the 18 Indian cities where it now operates and develop new products and payment solutions.
Uber is investing a similar amount in China, the world’s second largest economy.
The two countries lead the world on smartphone growth, the crucial technology that drives the growth of the company’s online service.
Uber operates in 57 countries but has come into conflict with transport authorities across the globe as well as protests from traditional taxi drivers who see it as a threat to their livelihood.