2028: India to Bring Back Formula 1
The Indian government is working to remove tax and regulatory barriers to bring Formula 1 races back to the Buddh International Circuit, located on the outskirts of New Delhi, in 2028, more than a decade after the race was canceled. The Indian Grand Prix was first held in 2011, but was canceled after its third edition in 2013 due to regulatory and tax disputes. A ministry source told Reuters that addressing complex tax and regulatory issues would be at the top of the working group’s agenda. The source added: “The working committee will study the challenges affecting the revival and growth of motorsport in the country, including Formula 1 races, with a particular focus on tax-related issues, regulatory aspects, and infrastructure.” The same source indicated that the public policy body under the Indian government has been tasked with coordinating between ministries to cut bureaucratic procedures. Earlier, Indian Sports Minister Mansukh Mandaviya met with stakeholders, including potential circuit owners from the Adani Group, and representatives of the country's motorsport federation, and said he would form a working group to revive the race. The Adani Group, which is in the process of acquiring the company that previously owned the circuit, did not respond to a request for comment from Reuters. However, Karan Adani, managing director of Adani Ports and Special Economic Zones, said he is “personally involved” in efforts to bring Formula 1 races back to the country. Stefano Domenicali, CEO of the Formula 1 World Championship, recently confirmed there is significant interest in returning to India, but noted that a great deal of preparation is still needed.
Original source: Arriyadiyah
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