Ink has not yet dried on the agreement, but the seal is already placed. India will host its first-ever Formula One race in 2010. Period. This news was announced by the Indian Olympic Association president Suresh Kalmadi today.

It looks like Hermann Tilke has provided the Formula One supremo Bernie Ecclestone with a positive report about the situation in India. Thew new circuit will be built either at Greater Noida or Sohna, the final decision still pending.

I believe this is wonderful news for every Formula One in India. Congratulations guys.

India may stage an Indian Grand Prix in 2009. According to the Indian Olympic Association, the Association has signed a memorandum of understanding with the FIA. The very first Indian Grand Prix will become a reality if the Indian Olympic Association manages to build the track and the infrastructure by 2009.