New Delhi, India has bid to host the much-awaited World Chess Championship between teenage sensation D Gukesh and defending champion Din Liren of China in November-December this year.

17-year-old Gukesh became the youngest challenger for a world title by winning the Candidates Tournament last month. If the All India Chess Federation (AICF) is successful in claiming the hosting rights, he will take on Liren in Chennai between November 20 and December 15.

"We have received a bid from India," said Emil Sutowski, CE of FIDE, chess's global governing body.

So far, FIDE has not received any other bids, but the deadline to enter the race is May 31.It is learned that Singapore hopes to compete with India, but has not yet officially submitted the bidding documents.

"No other country has bid for it yet, but the deadline is by the end of this week. After that we will have the FIDE Council meeting next week. And after that the proper process will be followed and we will be able to compete. Hosting rights."We will decide about it," Sutowski said, adding that if AICF wins the bid, it will have to pay around Rs 71 crore.

The basic criteria outlined by FIDE for a potential bidder for the 2022 edition is a budget of Rs 8.5 million (approximately Rs 71 crore) for the global body and a facility fee of US$1.1 million (Rs 9 crore).

The duration of the tournament is 25 days and the approval of the rules will be completed by July 1.

The total prize money offered by FIDE will be around US$2.5 million (over Rs 2 crore) after increasing the fund by US$2 million (Rs 17 crore) in 2023.

Gukesh's historic achievement has created a new wave of interest in chess among the aspirants.The Chennai teen, trained by five-time world champion Vishwanathan Anand, broke Russian legend Garry Kasparov's 40-year-old record and became the youngest hopefuls champion. ,

The Russian great was 20 when he qualified to face compatriot Anatoly Karpov in 1984.

India last hosted this prestigious showpiece in 2000 when Vishwanathan Anan won the first of his five world titles by winning the event played in tournament format with 100 players.

Anand defeated Alexey Shirov in the final.