Organizers refuse to write off Indian GP future

Thu Oct 24, 2013 10:13am EDT
 
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By Alan Baldwin

GREATER NOIDA, India (Reuters) - Indian Grand Prix Organizers have expressed renewed optimism about the prospects of their Formula One event despite fears Sunday's race will be the last at the Buddh International circuit.

The race near New Delhi has been dropped from the 2014 calendar, even though there are two more years on the contract, with issues of taxation and finance seen as major roadblocks to any eventual return.

However race promoter Sameer Gaur and Indian motorsports chief Vicky Chandhok, who had sounded gloomy only a few days ago, both told Reuters on Thursday that there was a new determination to continue.

"Such a massive facility has been made here, an investment of more than $400 million in the circuit apart from the license fee. We have a contract so I see no reason why we won't come back," said Gaur.

"About the organizers' finances, I would say we had to prove in 2011 our credibility of making the circuit and holding the race. We did that. So the credibility is already there and I am pretty sure that we shall be doing the races.

"As far as I am concerned the (2015) race is on," he added.

Chandhok, father of former F1 racer Karun, said the turnaround had come after Formula One race director Charlie Whiting had carried out his circuit inspection this week and given it a ringing endorsement.

The last two days, he added, had seen a big change in attitude.   Continued...