India may once again see Formula One cars on track, as discussions are underway to bring the championship back to the Buddh International Circuit after more than a decade since the last race was held there in 2013. Formula One Could Return to India After a Decade-Long Absence at Buddh Circuit The central government has informally nudged the current custodians of the circuit to lease the facility to a professional sports management firm for a fixed period, with the aim of enabling the return of the Indian round of the F1 calendar. As part of this push, Sports Minister Mansukh Mandaviya recently met officials from the Yamuna Expressway Industrial Development Authority and asked them to actively explore ways to revive the Grand Prix in India. The move to restart Formula One races is linked to India’s broader strategy of attracting major international sporting events ahead of the 2030 Commonwealth Games in Ahmedabad and to bolster the country’s long-term ambition of hosting the 2036 Olympic Games. The YEIDA currently owns and oversees the Formula One track, which was built at a cost of around ₹2,000 crore, after the original developer, Jaypee Group, declared bankruptcy in June 2024. Government Pushes Short-Term Management… Read MoreBusiness Archives – Trak.in – Indian Business of Tech, Mobile & Startups
