05 May 2023, 04:54 pm
The Yamuna Expressway Industrial Development Authority (YEIDA) has granted a no-objection certificate (NOC) to FairStreet Sports, co-organiser of MotoGP Bharat, to hold the international bike racing event at Buddh International Circuit in September this year, officials aware of the development said.
The bike racing event is scheduled to be held between September 22 and 24. FairStreet Sports will organise the event jointly with the Spanish firm Dorna Sports, which owns the commercial rights for MotoGP.
It will be after a decade that any international racing event will be held at the Buddh International Circuit. The last international racing event held here was Formula 1, in 2013.
According to YEIDA officials, the debt-ridden Jaypee group will not be organising the event as it is currently going through a corporate insolvency process.
Officials said that the MotoGP organisers had pledged to invest Rs 472 crore through the event during the UP Global Investors Summit in February this year, and earlier this month they had applied for a no objection certificate (NOC) to hold the event in September 2023.