Motor racing: India not giving up hope of Formula One return
Published on Mar 6, 2014 5:43 PM
MUMBAI (REUTERS) - India's motor sports federation is optimistic the tax problems that have jeopardised the country's Formula One race will be resolved and the home Grand Prix will be back in 2016.
Formula One commercial supremo Bernie Ecclestone told Reuters on Wednesday that the Buddh International Circuit near New Delhi will not be hosting a race next year after being dropped from the 2014 championship.
Problems over taxation, with Formula One classified as entertainment rather than a sport in India, as well as the considerable bureaucracy governing the import of equipment have been seen as obstacles.
The Federation of Motor Sports Clubs of India (FMSCI) is waiting for a final clearance from the sports ministry for recognition as a national sports federation and hopes that will pave the way for the race's return.
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