Formula One debuted in India in 2011 to much fanfare, and was initially quite successful, but organisational issues dogged the operation and as popularity dipped the Indian Grand Prix was dropped from the F1 calendar after the 2013 edition.
However, Ezpeleta does not see F1's failure as a predictor for MotoGP's chances in a country which is the world's second largest motorcycle market.
"It's different, Formula One is another aspirational level. Motorbikes are something very popular in India and are much closer to normal people," Ezpeleta told Reuters.
"We need to focus on different things here like we have no (local) promoter. But the cost of organising a MotoGP race is less than Formula One and we have a manufacturer in Mahindra who are participating in the Moto3 world championship.
"I think we are putting all our first steps right to be successful in India but nothing is easy from the beginning."
Indian utility vehicle manufacturer Mahindra will be entering Moto3 in 2015, and Ezpeleta feels that this takes care of one of the three key components to such a venture.
"We need three things to be successful in a country like India. First a manufacturer being part of the deal and in this case we have Mahindra," he explained.
"Secondly, we need to have Indian riders but unfortunately we have none presently and for that we have the Asian talent Cup. And finally we need to have a grand prix."
There are currently 18 races in the MotoGP season, but this number will rise to 20 in the next two years, potentially opening up a spot for a race in India.