The Yamuna Expressway Industrial Development Authority (YEIDA) said on Tuesday that it has offered a 200-acre land parcel for free to Italian motorcycle manufacturer Ducati, which has expressed its intention to develop a race track and training centre for motorbikes on the lines of the Buddh International Circuit F1 track along the 165km Yamuna Expressway. “We have decided to provide Ducati 200 acres of land for free under public-private-partnership model so that they can invest and develop this racing track and training centre. 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 helps in boosting growth and job creation,” Arun Vir Singh (CEO, YEIDA) said. (ICE NEW DELHI)

Fonte notizia: Hindustan Times