The record
Written from the 1 report below. Nothing here is unsourced.
- Sports Minister Mansukh Mandaviya has announced a Task Force to assess the feasibility of reviving Formula 1 in India, with a goal of hosting a race in 2028.
- The 10-member committee will be chaired by Niti Aayog Programme Director Yugal Kishore Joshi and includes officials from sports, tourism, commerce, and the Uttar Pradesh and Maharashtra governments.
- India last hosted a Formula 1 race in 2013 at the Buddh International Circuit in Greater Noida, and the event was dropped due to bureaucratic and taxation issues.
- The Task Force will examine taxation matters, with representatives from the CBIC and CBDT, and will explore Public-Private Partnership models for funding the race.
- Hosting a Grand Prix requires an annual hosting fee of USD 20-60 million plus substantial logistics and infrastructure costs, so the committee's findings will determine whether India can afford a return to the F1 calendar.
What to watch next
- Names of the remaining Task Force members, which the Minister has not yet revealed.
- The FMSCI presidential election at this month's AGM, which will decide who represents the motorsports federation on the committee.
- Formula 1 CEO Stefano Domenicali's response, since he has so far declined to give a timeline for India's return.
Who said what2
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Mansukh Mandaviya
2 quotes · 1 outlet
“The Terms of reference of this committee are suggesting comprehensive ways for sustainable growth of motorsports in India, a holistic coordinated roadmap for revival of Formula 1 so that we can host a race in 2028.”
In the article
…during the AGM later in the month. The Task Force also has representation from the department of tourism and commerce among others and will include representatives from the Uttar Pradesh and Maharshtra Government. " The Terms of reference of this committee are suggesting comprehensive ways for sustainable growth of motorsports in India, a holistic coordinated roadmap for revival of Formula 1 so that we can host a race in 2028. "It will also carry out detailed assessment of challenges that would come in the way of reviving motorsports and identify policy interventions that would needed for this," Sports Minister Mansukh Mandaviya said in a…
“It will also carry out detailed assessment of challenges that would come in the way of reviving motorsports and identify policy interventions that would needed for this”
In the article
…"The Terms of reference of this committee are suggesting comprehensive ways for sustainable growth of motorsports in India, a holistic coordinated roadmap for revival of Formula 1 so that we can host a race in 2028. " It will also carry out detailed assessment of challenges that would come in the way of reviving motorsports and identify policy interventions that would needed for this ," Sports Minister Mansukh Mandaviya said in a media interaction here. Barring Joshi and Kunal, no other names were revealed by the Minister. India last hosted a Formula 1 race back in 2013, following which it was…
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Coverage1
All filed from India
Named India · Adani Group · Arindam Ghosh · Central Board of Direct Taxes · Central Board of Indirect Taxes and Customs · Formula-1 · Government of Maharashtra · Government of Uttar Pradesh · Kunal · Mansukh Mandaviya · Motorsports Federation of India · NITI Aayog · Stefano Domenicali
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