E@zyVG’s Vichar::World Connected

Bernie Ecclestone, Formula One’s chief executive officer, plans to hold the motor sport’s first race in India in 2010 and may cut the British Grand Prix to every other year. With a billion people (give or take a few hundred million), India is the next great untapped market after Turkey and China.

In one of the National Daily stating that our good ol’ Bernie has said in an interview regarding holding the first Indian Grand Prix in year 2010. Digging a bit deeper and after ending up buying all the different tabloids that were available, the story unfolds in following manner:

1. Apparently Spyker have entered in an agreement with one of the state government to develop F1 Circuit and F1 based theme park.
2. They have signed a MoU, for Spyker being given 500 acres of land, with an option to buy more land if need arise.
3. The approx cost of the project is in the region of $500 Million.
4. The “State Government” in question here is of Haryana and the development will take place near NOIDA [that’s near to the New Delhi, the national capital].

As per the tabloid, this is what Bernie was referring to when he said he was ‘far down the line’ in negotiations with a regional government. And naturally my heart leapt with joy reading the news. Though no official announcement has been made till now.

Infact this is not the first time that there has been talks of Indian Grand Prix, earlier there were talks of building a GP circuit near Calcutta [around 1998] then of building one near Hyderabad.

Formula One is tapping some of the world’s fastest-growing economies. India’s economy expanded 8.9 percent and China’s 11.3 percent in the quarter ended June 30. The 12 European nations sharing the euro grew 2.7 percent during the same quarter.

Two of the most awaited new circuits for me are Moscow, Russia and Delhi, India. It is not necessary that they must be situated around these cities only, but then it would be simply awesome for me.

This entry was posted on Monday, November 13th, 2006 at 1:58 pm and is filed under Formula 1. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.