Noida leaps towards global fame
A year after a CWG cycling event was held here, the Noida-Greater Noida region has taken another big leap. Darpan Singh reports.india Updated: Oct 28, 2011 02:06 IST
A year after a CWG cycling event was held here, the Noida-Greater Noida region has taken another big leap.
"It's a historic day. About 20 years after Greater Noida came into being as a quieter neighbourhood of Noida, the city has finally come of age," said Greater Noida chief executive officer Rama Raman.
With India's maiden Grand Prix kicking off on Friday, the organisers are already taking of the future events. More such races have been planned on the racing track. Moto GP and other motorsport events will also be held at the state-of-the-art Buddh International Circuit (BIC), spread across 875 acres.With these, the region will emerge, on the international map, as a hub for motor sports and the automotive industry. "We have left nothing to chance because our country's reputation is at stake," said Manoj Gaur, executive chairman, Jaypee group.
With an investment of Rs 1,700 crore, the race weekend (Oct 28-30) is expected to generate businesses worth around Rs 10,000 crore in sectors such as hospitality, advertisements, travel and ticket revenue. With more than 100,000 spectators expected during the three days, the Grand Prix revenue alone will be of more than Rs 800 crore and it will employ 10,000.
And much is happening in terms of spending on sporting infrastructure. Two stadiums - one each in Noida and Greater Noida - are being upgraded to global standards to host international, IPL and Ranji cricket matches. While work is in full swing for a mega sports city in Greater Noida, two more are coming up in Noida.
First Published: Oct 28, 2011 00:33 IST