Formula 1 Grand Prix Race 2010 Track will be created in Greater Noida. This will be a great opportunity for indians. Association are hoping that just like twenty 20 in India, F1 race will also be successful. India is growing very fastly at the rate of 10 percent.  We are very excited and fortunate that we would cater to the interest through this unique opportunity," Gaur said.

India hopes to host a formula one Grand Prix in 2010 took a concrete shape with F1 bosses striking a Rs 1500 crore deal with an Indian company to construct the race track in Greater Noida.  Indian Olympic Association had been instrumental behind inviting formula one to India.

Narain Karthikeyan became the first Indian driver in the formula one in 2005 when he joined Jordan, India's presence in the F1 pit grew with liquor baron Vijay Mallya jointly acquiring the Spyker team and renamed it Force India.

Source:hindu