Force India set for ?50 mn fund infusion

MUMBAI: Vijay Mallya Formula One venture Force India is all set to get a 50 million pound fund infusion following its strong showing on the grid this year.

"We had a board meeting in India after the Abu Dhabi Grand Prix and the board has approved a 50 million pound capital investment programme for the team," Mallya who is the team principal said in a preview for Sunday?s season-ending Brazilian Grand Prix.

Mallya did not give any details about the time frame for the latest investment.

"We are going to invest heavily in new technology and give more tools to our design team to try and move further up the grid," he added.

Liquor baron Mallya is principal of the Silverstone-based team that has Subroto Roy-promoted Sahara Group as a stakeholder.

Sahara had last year invested $100 million in Force India for a 42.5 percent stake. As per the deal, the money would be paid in three tranches over three years with the final instalment due in 2013.