India agrees deal on Grand Prix

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The Indian Olympic Association said it has reached an agreement with Formula One boss Bernie Ecclestone to stage a Grand Prix in New Delhi from 2009, reports BBC.
IOA President Suresh Kalmadi said the agreement was preliminary and conditional on having a venue approved.
The city does not currently have a racing track.
"We have received a letter in this regard from Bernie Ecclestone," said Kalmadi. "The IOA will be the promoter, the first event will be held in 2009."
He added: We are looking to identify suitable land for a world-class track. It's a tough task, but we're hoping to meet the challenge."