Indian Olympic Association (IOA) has moved one step forward in bringing the Formula One race to the country by bagging two draft contracts from the International Automobile Federation (FIA).
IOA president Suresh Kalmadi today announced that he had got the race promotion contract and the circuit right agreement besides a breather to finalise the formalities over the earlier deadline of September 30.
I recently met FIA chief Bernie Ecclestone in London, and he handed over the two draft contracts. He said chief architect of the Formula One circuit Hermann Tilke, who recently surveyed sites in India, has given a good report, Kalmadi said at a press conference here today.
More : business-standard.com
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