After months and years of speculation, formula one is definitely heading to India in the near future, according to reports.
The burgeoning south Asian country’s ‘Economic Times’ said capital New Delhi has been selected as the host city, and that “a formal announcement is expected in March.”
Central to the new talks with F1 supremo Bernie Ecclestone has been Vijay Mallya, chief of Toyota’s new on-car sponsor Kingfisher Airlines.
Recently predicting an inaugural Indian GP in 2009 with government backing, Mallya has reportedly promised to be the main sponsor of the Delhi race.
Global financial services firm Goldman Sachs said in a paper this week that India will overtake the economies of the UK, France and Italy by 2015.
It could then overtake Germany, Japan and finally the US by 2050.