OCTOBER 20, 2003
Indians find a settlement
There is good news for Indian motorsport with a handshake agreement between the two organizations which have been fighting over control of the sport in India.
The Federation of Motor Sports Clubs of India (FMSCI) and the Motorsports Association of India (MAI) have agreed to end a four-year dispute and will soon sign a formal agreement. The settlement came after the FIA threatened to expel the FMSCI from the federation because it took legal action against the MAI, which is recognized by the FIA. The FMSCI is recognized by the Indian government.
A settlement was essential before India could be considered a serious venue for a future Formula 1 race.
There are various cities vying to build racing circuits for an Indian Grand Prix with Hyderabad understood to be the favorite at the moment, although F1 boss Bernie Ecclestone has cancelled his planned visit to the city, scheduled for this month.
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