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The 17-year-old Gukesh became the youngest-ever challenger for the world title by winning the Candidates Tournament last month. He will face Liren between November 20 to December 15 in Chennai if the All India Chess Federation (AICF) manages to claim the hosting rights.
“We have received the bid from India,” Chess’ global governing body FIDE CEO Emil Sutovsky told PTI.
As of now, FIDE hasn’t received any other bids but the deadline to enter the race is May 31. It is learnt that Singapore is expected to compete with India but has not yet officially submitted the bid documents.
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If AICF wins the bid, it will have to shell out close to Rs 71 crore.
The basic criteria outlined by FIDE for a prospective bidder for the 2024 edition is a budget of Rs 8.5 million (Rs 71 crore approx) and a facilitation fee of USD 1.1 million (Rs 9 crore) for the global body.
The duration of the tournament is 25 days and approval of regulations will be completed by July 1.
The total prize money awarded by FIDE would be around USD 2.5 million (Rs 20 crore plus) after the fund was increased from the USD two million (Rs 17 crore) in 2023.
Gukesh’s historic achievement at the Candidates has spurred a renewed wave of interest in chess.
The Chennai-based teen, who has been mentored by five-time world champion Viswanathan Anand, bettered Russian legend Garry Kasparov’s 40-year-old record to become the youngest Candidates champion.
The Russian great was 20 when he qualified in 1984 to clash with compatriot Anatoly Karpov.
India last hosted the prestigious showpiece back in 2000 when Viswanathan Anand claimed the first of his five world titles by winning the event played in a tournament format with 100 players.
Anand defeated Alexei Shirov in the final.