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Home / Sport / Motorsport / Formula 1

India on track for first grand prix

3 Sep, 2007 10:47 PM2 mins to read

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Brewing magnate Vijay Mallya has teamed up with Spyker F1 director Michiel Mol to make a bid for the cash-strapped team. Photo / Reuters

Brewing magnate Vijay Mallya has teamed up with Spyker F1 director Michiel Mol to make a bid for the cash-strapped team. Photo / Reuters

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KEY POINTS:


NEW DELHI - The Indian Olympic Association (IOA) says it is on course to stage a Formula One grand prix after an inspection of possible sites around New Delhi.

Formula One circuit designer Hermann Tilke began a two-day visit of the venues and would provide his feedback to
F1 supremo Bernie Ecclestone.

"He has gone around and we have shown him a few places," IOA president Suresh Kalmadi told Reuters. "He will go back and give his views to Bernie."

"We are happy with the progress," he said. "We are on track."

The IOA took up a conditional offer in June to stage a Formula One grand prix in 2009 following a letter from Ecclestone to Kalmadi listing tough conditions including various commercial agreements to be signed by the end of September.

Kalmadi was confident the IOA, busy with preparations for the 2010 Commonwealth Games, would meet the deadline.

Indian Formula One involvement has taken a leap with businessman Vijay Mallya teaming up with Spyker director for Formula One, Michiel Mol, in a bid to take over the cash-strapped Dutch team.

"Now, owning a F1 team, it is even more in my interest to make sure there is F1 Indian GP," Mallya said at the weekend.

- REUTERS

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