With the final in Mumbai on 1 June, fans should see some mouthwatering cricket with the likes of Sachin Tendulkar (Mumbai), Ricky Ponting (Kolkata) and Matthew Hayden (Chennai) facing the bowling of Brett Lee (Punjab), Shane Warne (Rajasthan) and Glenn McGrath (Delhi).
The stars will get around £100,000 a week during the tournament, putting them on similar pay to the world's top footballers, albeit for a limited period.
It will also be a new experience for the fans.
BBC cricket correspondent Jonathan Agnew said: "The success or failure of the IPL lies with the Indian supporters who are fanatical about cricket but only until now about the national team.
"If a supporter of the Punjab franchise celebrates wildly when Lee shatters Tendulkar's stumps in Mumbai for a duck then the IPL will have broken new territory."
Kolkata coach John Buchanan, owner Shah Rukh Khan & captain Sourav Ganguly
It has not all been plain sailing for the IPL organisers, however.
As well as having to cope with the agency boycott, they watched a severely one-sided match on Friday, with the Royal Challengers beaten by 140 runs.
Meanwhile, star names Tendulkar, Anil Kumble and Nathan Bracken are injured and out of the opening exchanges.
The most exciting fast bowler around, South Africa's Dale Steyn, is playing domestic cricket for the Titans back home and will also miss the start.
And England's only representative, Dimitri Mascarenhas, will only be released from Hampshire duty for a fortnight some time in May.
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