Samir Gaur, managing director of India's JPSK Sports Pvt Ltd., a company backed by Jaiprakash Associates , has said that the work for the Indian
F1 grand prix track is on course and should see its completion by 2011 for the India race that year.
Quote:
"The progress is very nice...I'm absolutely, absolutely confident (it will be completed)
The race was pushed back from 2010 because of the Formula One calendar," Gaur said. "From what we understand, they had scheduled an India race only in 2011.
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Gaur's company acquired the rights to hold
F1 races in India after the Indian Olympic Association (IOA) took the initial steps to bring a grand prix to the country.
"The design stage is in progress and regarding construction, the investigations of the site have also started," he said.
Considering they haven't even decided the location of the site, that sure is an ambition target