After almost ten years, India is set to host the highly anticipated MotoGP race on the Buddh International Circuit (BIC) in Greater Noida, Uttar Pradesh. The race, scheduled to take place from 22 to 24 September, will mark the return of global motorsport to the country since the last Formula One race was held in 2013.Time to welcome the eventThe Grand Prix of India is being organised by Fair Street Sports, who have agreed to bear the events expenses. The company is in talks with the authority and Jaypee Associates to enter a seven-year agreement. The event is expected to cost around INR500 crore and is anticipated to generate substantial returns.Preparations for the event are already underway, and the company has allocated an amount of more than INR55 crore to prepare the track for the race. The company aims to hold the event for seven consecutive years to impact the states economy positively.Indias Love for Two-Wheelers and MotoGP RacingMotoGP is the third most-watched sports competition in the world, with millions of fans. India is the worlds largest producer of two-wheelers and the largest consumer of them. Therefore, organising MotoGP in the country is expected to be a significant success.The week-long event will start with four days of preparation and three days of racing. This will be the first time the MotoGP race will be organised in the country, and the event is expected to welcome thousands of fans from across the country and abroad.Rekindling the Thrill of Speed on the BIC TrackThe BIC track will witness the speed of sports bikes, rather than Formula One car, during the Grand Prix of India. The last time a Formula One car raced at the BIC track was in 2013. The race is being organised because the allotment of the plot on which the Greno-based Formula-One track is made has been cancelled due to dues, and the matter is sub judice in NCLT.ConclusionThe return of global motorsport to India with the Grand Prix of India is a significant achievement and is expected to generate substantial returns. It is also likely to attract thousands of fans from across the country and abroad, positively impacting the states economy. The event is set to rekindle the thrill of speed on the BIC track, and preparations are underway to ensure the event succeeds.