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India may host Formula One race in 2010

India may get a chance to host a F1 race as the game's world governing body cuts events in Europe to expand the sport in Asia.

india Updated: Nov 10, 2006 16:01 IST

India could host a Formula One race in 2010 as the game's world governing body cuts events in Europe and expands the sport in Asia.

F1 was 'far down the line' in negotiations with a state government to build a racetrack in the country, the circuit's chief executive officer Bernie Ecclestone said, adding that "we had to make sure we found the right place in India and we have."

He, however, declined to identify the venue for the prospective F1 race.

Discussions with some cities, including Hyderabad had failed to get a positive result, Ecclestone told Bloomberg.

He said that work on the new track should begin shortly and take three years.

"India is a country that is probably going to grow quicker than China," the F1 boss said.

As part of the expansion drive in Asia, Ecclestone has also signed an agreement to stage a race in South Korea in 2010.

In contrast, some of the traditional races in Europe are likely to miss out as the British Grand Prix at Silverstone may alternate with its French counterpart on the 18-race schedule, Ecclestone, who has run Formula One since the 1980s, said.

Germany and Italy will lose one of their two races next season, and the San Marino Grand Prix held at Imola, Italy will not be reinstated.