Indian GP organisers want government to waive import duty

It is a contentious issue but if the government agrees, it will surely benefit the organisers.

updated: October 29, 2012 22:24 IST
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Greater Noida: FMSCI, the national governing body for motor sport, on Monday, said that time has come for the Indian government to understand the economic benefits which the Formula One race brings to the country and lend more support to the event by waiving the import duty on equipments that came along with it.

The organisers -- Jaypee Sports International (JPSI) --delivered another successful race on Sunday with the facilities coming in for praise from drivers as well as the F1 boss Bernie Ecclestone.

However, the Indian government has never looked enthusiastic for the high-profile motor sport event and actually considers it a commercial venture of the JPSI.

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  • Formula 1
  • Indian Grand Prix