‘F1 Race in India to be held in 2027’

While announcing their broadcast partner in India last December, F1 had said that it had a strong fanbase of 79 million in the country. Mandaviya further added in his statement that it will take another six months to work out the modalities. “It will take another six months to work out the modalities. The government will help in getting the tax relaxations that had become a bone of contention so that it is a viable venture for the organisers,” said the Sports Minister.

“Given the global situation due to the ongoing Iran war, India is being seen as a safe and viable venue for sporting events, including F1. We plan to have a Moto GP event before F1 returns. The Federation of Motor Sports Clubs of India (FMSCI) is in talks with Formula One right now, we will be facilitators,” he elaborated.

“Not just BIC, we have good tracks in Chennai and Hyderabad as well. The government’s role would be to deliver on infrastructure and handle tax-related issues. Formula 1 has a lot of hosting venues on offer, with growing interest from countries to host the globally followed event. Hosting a Formula 1 race requires high costs as it ranges from USD 20 million to USD 60 million annually.