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India Forms Task Force to Pursue Formula 1 Return by 2028

The panel aims to clear tax and regulatory barriers so circuits can attract investment through public‑private deals.

Overview

  • The government announced a 10‑member Task Force on Tuesday to assess whether India can host a Formula 1 Grand Prix by 2028.
  • NITI Aayog programme director Yugal Kishore Joshi will chair the panel, which includes officials from sports, commerce and tourism, tax authorities CBIC and CBDT, and representatives of state governments and race circuits.
  • The Task Force’s formal mandate is to map taxation and policy obstacles, evaluate infrastructure and operational needs at venues such as the Buddh International Circuit, and propose a coordinated roadmap for motorsport growth.
  • Officials will examine financing options and public‑private partnership models and measure likely economic and tourism benefits, while noting that commercial agreements with F1 promoters and state approvals remain required.
  • India last hosted F1 at Buddh International Circuit from 2011 to 2013 before bureaucratic and tax disputes ended the race, so the panel’s findings on taxes, revenue rules and state cooperation will be decisive for any return.