The Yamuna Expressway Industrial Development Authority (YEIDA) has offered a 200-acre land parcel for free to Italian motorcycle manufacturer Ducati. The land is located in Sector 22F along the 165km Yamuna Expressway and is suitable for Ducati’s plans to develop a race track and training center for motorbikes.
YEIDA CEO Arun Vir Singh said that the land parcel was earmarked for Ducati because it met the company’s requirements. He added that Ducati’s managing director Bipul Chandra and director Sunil Kumar Sharma met with him on Tuesday morning to discuss the project.
“We have decided to provide Ducati 200 acres of land for free under a public-private-partnership model so that they can invest and develop this racing track and training center,” Singh said. “Under Uttar Pradesh’s Foreign Direct Investment (FDI) policy, we can give 75% subsidy on land to a foreign company and take equity of 25%. Under this policy, we can allot the land for free because the company that wants to invest can come to develop mega projects that help in boosting growth and job creation.”
YEIDA officials said that they have adequate litigation-free land in Sector 22F, which was acquired from farmers long back. Ducati is interested in building the facility in this area because of its world-class infrastructure, including expressways, Metro connectivity, and the upcoming Noida International Airport.
“The Ducati officials also discussed the upcoming MotoGP race event scheduled in March next year,” Singh said. “We also discussed the issues which were faced by Ducati and other motorbike companies during the MotoGP race held in September 2023. The key issues are related to track, taxes, visas, fees to use track, and others. Ducati officials informed that participating in bike events in the region is a costly affair at present due to high transportation cost and participation fees. As Ducati has experience in developing tracks and holding events in other countries, we offered them land here, which is almost free of cost.”
The Ducati officials told YEIDA that they would discuss the project with senior company officials and respond. YEIDA officials said that bike races are frequently organized at the Buddh circuit, but high costs have prompted them to look for a facility dedicated to motorcycle racing.
“Buddh track is built for car racing, and the motorbike companies or racing agencies have to modify the circuit for motorbike events every time,” Singh said. “The agencies have spent huge amounts to change the design of the track and in preparing additional facilities.”
“We are helping the international players to invest and help in fueling growth in this region because the (UP) chief minister Yogi Adityanath wants to create opportunities for youth through such mega projects,” Singh added.
