Maharashtra hatches plans for Formula One circuit

MUMBAI: If things go according to script then Mumbai fans could well get to see the likes of Michael Schumacher zooming around in their own backyard.Prominent politician Sharad Pawar, in conjunction with the Motorsports Association of India (MAI) president Nazir Hoosein outlined plans for a proposed Formula One racing circuit. This will be developed in the state in conjunction with the future development plans for Maharashtra.

An official release informs that with the Expressway already in place between Mumbai and Pune plans are afoot for the upgradation of the International Airport in Mumbai, and the construction of new International Airport in Pune. Therefore an ideal opportunity presents itself for the setting up of a Formula One Circuit between the two cities.

As reported earlier by Mumbai and Pune have already arrived on the international motorsports scene with the recent announcement of MRF India Rally 2003, a round FIA Asia Pacific Rally Championship 2003 to be held here in December 2003, under the aegis of the FIA and MAI. Over 20 international teams are expected to take part in this exciting international motorsport event. The proposal is to include this event as part of the FIA World Rally Championship in the coming years.

Hoosein said, "The fact that Mumbai is the financial capital of India and is a major contributor both of corporate and individual direct taxes in India, will contribute in no small measure to the selection of the Formula One Circuit to Maharashtra."

The release adds that the infrastructural requirements of accommodation, road transport and communication are already in place for such a venture. The only thorn is the capability of the international airport, which hopefully will be upgraded in near future.

Formula One travels around 16 countries for as many races, and creates an enormous financial opportunity for the host country. The economic impact of a Formula One race is estimated at around $ 140 million for the local community and creates direct and indirect job opportunities to the extent of 75,000 people. Countries like Malaysia developed their tourism industry and generated tremendous employment opportunities after setting up of the Formula One Circuit the release states.

Meanwhile Formula One TV audiences have remained buoyant and stable since 2002, according to a mid season report. This was recently published by independent market research company Sports Marketing Surveys. The report has noted that interesting races, combined with no less than eight different winners of the Grand Prix, have meant that despite a slow start to the season, audiences have returned to last years levels. The new qualifying format contributed to more interest, with sponsors obtaining more exposure than last year.

Latest Reads
TV is story-teller's new novel; audience is Bharat, not India: Star's Banerjee

MUMBAI: Since five to six years, television has become the talking point. Th series such as 'Breaking Bad' to Transparent to Narcos to 'Game of Thrones' to 24, and now POW (Prisoners of Wars) has changed the experience of television viewing.

Television TV Channels GECs
Star World to air 1-5 of 'Homeland'

Star World and Star World HD is all geared up to air the pulse-pounding action series 'Homeland.' The show tackles geopolitical moral conundrums of our current world. It has recently unveiled the teaser for the upcoming season 6 shows how Carrie Mathison will circumvent around another international...

Television TV Channels English Entertainment
Share all World Cup, T-20 feeds with Prasar Bharati, rights holder told

The telecast of all official one-day and Twenty-20 matches played by the Indian Men’s Cricket Team will henceforth have to be shared by the rights holder with the public broadcaster Prasar Bharati under the Sports Broadcasting Signals (Mandatory Sharing with Prasar Bharati) Act 2007.

Television TV Channels Terrestrial
Saregama returns to film music acquisition with Pen pact

Saregama India has inked a two-movie deal with Pen Movies. With this agreement, Saregama has acquired the music rights of upcoming Bollywood releases of Pen which includes Kahaani 2 -- Durga Rani Singh, featuring Vidya Balan and Arjun Rampal.Kahaani 2 is slated for a release on 2 December.

Television TV Channels Music and Youth
Q2-17: Zeel numbers, PAT up on higher Ad and Subscription revenue

The Subhash Chandra led content and broadcast player Zee Entertainment Enterprises Limited (Zeel) reported a 23 per cent hike in consolidated revenue for the quarter ended 30 September 2016 (Q2-17, current quarter) as compared to the corresponding quarter of the previous year.

Television TV Channels GECs
Best Deal TV appoints Hari Trivedi as COO

MUMBAI: Best Deal TV has appointed Hari Trivedi as the chief operating officer with immediate effect. Based in Mumbai, Trivedi will be responsible for overall sales and marketing. He would also be initializing lowest price offers and deals on Best Deal TV.

Television TV Channels People
Disney announces successor of MD Siddharth Roy-Kapur

MUMBAI: Walt Disney International has announced the successor to its former managing director Siddharth Roy-Kapur. As a second stint with the organization, Mahesh Samat has made a comeback and will lead The Walt Disney Company India as the managing director. He will pursue his new responsibility...

Television TV Channels People
Life is more imaginative than fiction in a story like POW, says writer-director Gideon Raff

MUMBAI: Sometimes, coming back home after 17 years is not always a happy ending. "Prisoners of War" is the story of three Israeli soldiers, who were held captive for that many years following their kidnapping while on a secret mission with their unit.

Television TV Shows Thriller
IPL media rights bidding postponed sine die

MUMBAI: The BCCI has made it clear that the media rights auction cannot take place till the time it gets a concrete go-ahead and a formal approval from the Justice RM Lodha committee. Till the evening of 24 October (Monday), BCCI did not receive the okay from the committee which said, "it is in...

Television TV Channels Sports

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories