India have finally been awarded a Formula One Grand Prix race after years of trying to join the F1 fraternity.
The announcement made on Thursday by the Indian Olympic Association (IOA) president Suresh Kalmadi, came after months of speculation and will be held from 2009.
"We have received a letter in this regard from Bernie Ecclestone, CEO of Formula One. The IOA will be the promoter, the first event of which will be held in 2009," he told a news conference.
The race, which will be held in New Delhi is conditional and subject to a suitable venue being built.
Espnstar.com learnt that a street circuit is the most popular and viable option currently being explored into.
*www.espnstar.com/formula1/formula1_newsdetail_6180729.html
The announcement made on Thursday by the Indian Olympic Association (IOA) president Suresh Kalmadi, came after months of speculation and will be held from 2009.
"We have received a letter in this regard from Bernie Ecclestone, CEO of Formula One. The IOA will be the promoter, the first event of which will be held in 2009," he told a news conference.
The race, which will be held in New Delhi is conditional and subject to a suitable venue being built.
Espnstar.com learnt that a street circuit is the most popular and viable option currently being explored into.
*www.espnstar.com/formula1/formula1_newsdetail_6180729.html