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India Government Pushing for F1's Return by Working to Remove Tax Hurdles
The government plans to resolve tax disputes and secure private investment as it negotiates with Formula 1 owners for a return.
- On Monday, Sports Minister Mansukh Mandaviya declared India is officially pushing for an F1 return by 2027, stating, "There will be an F1 race in India in 2027. First race will be at Buddha International Circuit."
- The Grand Prix last raced at the Buddh International Circuit in 2013 before a tax dispute with the FIA forced its departure; the government now plans to resolve those tax issues to facilitate a comeback.
- Adani Group is in final stages of acquiring the debt-ridden Jaypee Group assets, including the track, providing the financial muscle required to upgrade the facility and negotiate with Liberty Media.
- Despite the minister's claims, an F1 spokesperson told The Independent, "While India is a valuable market for Formula 1's continued growth with an amazing passionate fanbase, we won't be racing there in 2027."
- Mandaviya insisted discussions are "ongoing," adding it will take six months to finalize modalities, though the 24-race calendar is unlikely to be increased, leaving limited free slots.
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Since 2013 no more Formula 1 races have taken place in India. A minister of the country is sure that this will change soon. But the racing series probably has other plans.
The Bakersfield Californian+6 Reposted by 6 other sources
India government pushing for F1's return by working to remove tax hurdles
NEW DELHI (AP) — India is working on removing tax hurdles to ease Formula 1's return, Sports Minister Mansukh Mandaviya said on Monday.
·Bakersfield, United States
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Coverage Details
Total News Sources39
Leaning Left11Leaning Right6Center4Last UpdatedBias Distribution52% Left
Bias Distribution
- 52% of the sources lean Left
52% Left
L 52%
C 19%
R 29%
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