India, the F1 hub for 2009


New Delhi, June 14: India have been awarded a Formula One grand prix for the 2009 season, Indian Olympic Association (IOA) president Suresh Kalmadi announced on Thursday.

"We have received a letter in this regard from Bernie Ecclestone, CEO of Formula One. The IOA will be the promoter and the first event will be held in 2009," he told a news conference.

Kalmadi said the IOA would raise necessary financing through government or private funds.

"Once we move ahead (put all aspects in place), a regular contract would be signed," Kalmadi added.