The Yamuna Expressway Industrial Development Authority (YEIDA) has extended an offer to Italian motorcycle manufacturer Ducati, providing a 200-acre land parcel at no cost.
This land is designated for Ducati’s proposed development of a race track and training center similar to the Buddh International Circuit F1 track, situated along the 165km Yamuna Expressway.
YEIDA Chief Executive Officer Arun Vir Singh announced the offer after a meeting with Ducati’s Managing Director Bipul Chandra and Director Sunil Kumar Sharma. The land, located in Sector 22F, has been selected for its suitability for Ducati’s needs.
Under Uttar Pradesh’s Foreign Direct Investment (FDI) policy, YEIDA can offer up to a 75% subsidy on land to foreign companies, with the authority taking a 25% equity stake. This policy enables YEIDA to provide the land free of charge, aiming to attract major projects that will stimulate growth and job creation in the region.
The land in Sector 22F is free of legal disputes and was acquired from farmers in the past. Ducati is interested in this location due to its excellent infrastructure, including expressways, future Metro connectivity, and the upcoming Noida International Airport, which is expected to begin operations by the end of 2024.
During discussions, Ducati officials also addressed concerns related to the upcoming MotoGP race event scheduled for March next year.
They highlighted challenges faced during the September 2023 MotoGP race, including high costs associated with track modifications, taxes, visas, and fees. The proposed facility would provide a dedicated space for motorcycle racing, eliminating the need for costly modifications to the existing Buddh Circuit, which was originally built for car racing.
Ducati has been advised to review the project proposal with senior company officials before making a decision. YEIDA remains committed to supporting international investments that align with Uttar Pradesh Chief Minister Yogi Adityanath’s vision of creating opportunities for youth through substantial projects.
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