Chase Carey says possibility of Formula One back in India

The Indian Grand Prix went off after three editions from 2011, due to the serious financial problems faced by promoter Jaypee Group .New Formula 1 boss Chase Carey on Friday said India is a place of great potential and it would be exciting to take the sport back to the country that was dropped from the calendar four years ago.

A four year deal for Singapore was announced by F1 CEO and chairman Carey, and he indicated India may be in their scheme of things in near future as this year’s calendar is already packed.

"India is a country that certainly has great potential and as we go forward, we will continue to study. We have so far not got a chance to engage in depth yet, it has only been a little over half a year since the complete change in ownership," said Carey.