In a significant boost for the stagnant Indian motosport scene, the country will be hosting a maiden MotoGP World Championships race, labelled as 'Grand Prix of Bharat', at the Buddh International Circuit in Greater Noida next year.

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MotoGP commercial rights owner Dorna and Noida-based race promoters Fairstreet Sports on Wednesday signed a Memorandum of Understanding (MoU) to host the premier two-wheel racing event in India for the next seven years. Riders from as many as 19 countries will participate in the event, which will give a major push to trade and tourism in the country, besides generating employment.