India could soon be home to an added growth driver for industrial gases, after news emerged late this month that the South Asian country would ‘definitely’ be hosting a Formula One Grand Prix in 2011.
Formula One (F1) management supremo Bernie Ecclestone is reported to have told the BBC Asian Network that India will definitely host an F1 GP in Delhi in 2011, with both Ecclestone and Indian company Jaiprakash Associates Ltd fully committed to the project.
After work to construct a new racing circuit on the outskirts of Delhi was postponed beyond its original October 2008 timeframe, the report claims that work on India’s track will now commence in summer 2009. Completion is expected by the end of 2010.
So how will this affect the gases business?
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