New Delhi: The promoters of India's only Formula-1 race facility, set to host the first-ever Indian Grand Prix in October at their tracks in Greater Noida, are confident of breaking even on their investment in three to four years.
"We are confident in the business," Jaypee Sports International (JPSI) chief executive Sameer Gaur said on Wednesday. "We will reach break-even within three to four years time. Our plans and programmes are on track and progressing as expected."
JPSI, promoted by Jaypee Group, maintains that it has sold 10,000 tickets ranging from Rs.2,500 to Rs.35,000 since sales began Saturday. "There has been a lot of excitement in the country for the race," Gaur said. He expects nearly 10,000 foreign visitors.