Press Esc to close
Tuesday 21 October 2014
News updated at 12:08 PM IST
Weather
Max: 0°C
Min : 0°C
In Bangalore
Sunny day

Committed to Indian Grand Prix till 2015: Jaypee

New Delhi, July 29, 2013, (IANS) :
Reuters Image

Jaypee Group, promoters of the Indian Grand Prix, Monday said they are committed to the race till 2015 even as Formula One boss Bernie Ecclestone was not keen on having the event next year.

The Jaypee management was surprised with Eccelstone's comments but assured that
they are willing to walk the extra mile to address all their concerns.

"We are yet to hear anything officially from the Formula One management. Jaypee Group is keen on having the contract till 2015, when the five-year contract will be up for renewal," Askari Zaidi, senior vice-president of Jaypee group, told IANS.

Asked if the Formula One organisers want tax benefits, Zaidi said: "That issue must be taken up by the Federation of Motor Sports Club of India (FMSCI). We have to sit down with the government and discuss these issues. I am sure we will have a fruitful outcome."
Zaidi said India have responded well to Formula One and also expect an increase in the
spectators this season.

"We had an exciting race in the inaugural season and only hope for the things to improve this season. We are looking forward to an exciting race in October," Zaidi added.

During Sunday's Hungary Grand Prix in Budapest, English billionaire Ecclestone said:  "Is India going to happen next year? Probably not."
Ecclestone, 82, said the reason was "very political".

The Formula One management is concerned about the bureaucratic hurdles, as well as concern about finances and high local taxation.


Ecclestone has a possible 22 races jostling for space on the calendar with teams expressing a strong preference for a maximum of 20.

Russia has the possibility of having its first race in the Black Sea resort of Sochi towards the end of next year, and a Grand Prix in New Jersey is also planned for 2014.  Austria also due to make a comeback after an 11-year absence.

India first hosted a Grand Prix in 2011 and this year's race is scheduled for October 27 as the 16th round of the 19-race championship. The two races in India have both been won by Red Bull's triple world champion Sebastian Vettel.

Go to Top

Photo Gallery
Army recruits during their attestation parade at Madras Regimental Centre, Wellington, Ooty on...

Army recruits during their attestation parade at Madras Regimental Centre, Wellington, Ooty on...

In this Wednesday, Oct. 15, 2014 photo, a Kashmiri woman blocks a road during a protest demanding...

In this Wednesday, Oct. 15, 2014 photo, a Kashmiri woman blocks a road during a protest demanding...

Prime Minister Narendra Modi at the 42nd Convocation of the All India Institute of Medical...

Prime Minister Narendra Modi at the 42nd Convocation of the All India Institute of Medical...

Devendra Fadnavis hugs his mother Savita after his victory during the Assembly election in...

Devendra Fadnavis hugs his mother Savita after his victory during the Assembly election in...

Union Minister of State for Commerce and Industry, Nirmala Sitaraman launching the Online Export...

Union Minister of State for Commerce and Industry, Nirmala Sitaraman launching the Online Export...

Prime Minister Narendra Modi with BJP President Amit Shah after the party's parliamentary...

Prime Minister Narendra Modi with BJP President Amit Shah after the party's parliamentary...

In this Oct. 17, 2014 photo, a thick blanket of smoke is seen against the setting sun as...

In this Oct. 17, 2014 photo, a thick blanket of smoke is seen against the setting sun as...

In this Monday, Oct. 13, 2014 photo, an Indian woman uses her hand to put sawdust in an...

In this Monday, Oct. 13, 2014 photo, an Indian woman uses her hand to put sawdust in an...

(L-R) Asha Bhat, Miss Diva Universe 2014 2nd runner up, Noyonita Lodh, Miss Diva Universe 2014...

(L-R) Asha Bhat, Miss Diva Universe 2014 2nd runner up, Noyonita Lodh, Miss Diva Universe 2014...

An Indian man teaches yoga postures to schoolchildren at Delhi Public School in Hyderabad...

An Indian man teaches yoga postures to schoolchildren at Delhi Public School in Hyderabad...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bangalore - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523