Why formula 1 is not happening in india. Don39t miss a formula 1 moment with the latest news videos standings and results. When i was fortunate enough to have some one to one interview time with him at pre season testing this year it was evident that the fire still burned bright he wanted to race to fight for wins to prove he still has what it takes. Jaypee sports international limited is the organizer of formula one racing in india and has signed a five year contract with formula one management fom to host the championship in india.
Taxation issues and bureaucratic hurdles have largely been held responsible for the absence of india from the formula 1 calendar but the financial troubles of promoters jaypee group has been. But it was also clear that he sees the bigger picture that formula 1 is not everything. Formula one didnt last long in india and south korea formula one f1 is set to hold its first vietnam grand prix on a street circuit in hanoi in 2020 after signing a 10 year deal.
The real reason is to do with the taxes. I think formula 1 is not very popular here. The inaugural race was won by germanys sebastian vettel.
F1 is supplied and supported by huge logistics. But the interest is growing among the media and the fans. In india as per custom duty if you bring in goods from a.
The indian grand prix though has not been held since then due to issues with government taxation even though the race track has a contract to hold two. But it didnt work too well. The indian grand prix was first held at the buddh international circuit in 2011.
Attendance was a decent 95000 the first year but it dropped to 65000 the next and a measly 40000 the last one. He says it is a shame that the grand prix is not happening in india next year. Go behind the scenes and get analysis straight from the paddock.
The first edition took place on 30 october 2011 as the 17th race of the 2011 formula one season. Speaking specifically about india f1 supremo ber.
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