Government Forms Task Force To Explore Formula 1 Revival In India By 2028
The task force will assess taxation, policy and infrastructure needs as India considers bringing Formula 1 back to Buddh International Circuit.
- On Tuesday, the Indian government constituted a 10-member NITI Aayog task force to examine Formula 1 revival, chaired by NITI Aayog Programme Director Yugal Kishore Joshi, with the goal of hosting a race by 2028.
- India last hosted the Indian Grand Prix at the Buddh International Circuit in 2013, after which bureaucratic and taxation issues forced the event to be dropped from the Formula One calendar.
- Union Sports Minister Mansukh Mandaviya said the committee will assess taxation and Public-Private Partnership models, with the Adani group and representatives from multiple government departments holding seats on the task force.
- Organising a Grand Prix involves annual hosting fees between $20 million and $60 million, plus substantial logistics, infrastructure, and safety costs that present significant financial hurdles for India's revival efforts.
- With a motorsport fanbase of 98 million as of last December, the task force will assess potential international and economic benefits, positioning India as a significant market if operational requirements can be met.
13 Articles
13 Articles
F1's return to India on the cards? Mansukh Mandaviya announces 10-member task force to assess F1 revival
The Union Minister of Youth Affairs and Sports, Mansukh Mandaviya, took centre stage and announced the formation of a 10-member task force to assess the roadmap for the potential revival of F1 and other motorsports in India.
Government Forms Task Force To Explore Formula 1 Revival In India By 2028
India's Sports Minister Mansukh Mandaviya has announced the formation of a 10-member Task Force, chaired by Niti Aayog's Yugal Kishore Joshi, to assess the feasibility and challenges of reviving Formula 1 in the country. The committee aims to develop a roadmap for India to host a Grand Prix by 2028, focusing on sustainable growth, policy interventions, and addressing past issues like taxation. The Adani group, owners of the Buddh International C…
Govt constitutes task force to bring back Formula 1 to India - The Tribune
The government has constituted a task force under NITI Aayog to examine the revival and development of Formula One and the broader motorsports ecosystem in the country, with a focus on identifying challenges and formulating a coordinated roadmap for the sector.
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