New Delhi, February 21 The Adani Group is working on strategies to restart Formula 1 motor sport at the Buddh International Circuit in Greater Noida, Karan Adani, MD of Adani Cement, said on Saturday.
According to official sources, Sports Minister Mansukh Mandaviya recently visited the circuit and held talks with officials from the Yamuna Expressway Industrial Development Authority.
"I'm very excited... obviously, the Buddh circuit is part of the deal. I'm very personally involved in bringing Formula 1 back to India. I believe India has a lot of potential. There is a large following of Formula 1 in India," said Adani, who is also the MD of Adani Ports & SEZ, while speaking at the 70th Foundation Day of the All India Management Association (AIMA) in the national capital.
The Adani Group is in the running to acquire the troubled Jaiprakash Associates Ltd (JAL) – the flagship company of the Jaypee Group.
In November 2025, the infrastructure-to-energy group won the majority lenders' vote for the takeover of debt-laden Jaiprakash Associates, as its acquisition proposal of Rs 14,535 crore included a higher upfront payment compared to rival bidders.
Adani further said that he has been following the sport since 2000 and believes that India can set a benchmark for global events like Formula 1.
"The reputation of India and Indians has improved significantly... I believe that India can really showcase Formula 1... and can be a benchmark for a global event," he said.
Adani said that the exposure to such sports in India is limited, and people have to travel to other countries like Abu Dhabi or Singapore to experience the sport.
Re-starting Formula 1 will also provide an opportunity to showcase not just the infrastructure but also the hospitality and heritage of the country, he said.
The F1 race was held in 2011, 2012, and 2013 at the Buddh Circuit before being halted due to a tax dispute with the Uttar Pradesh government, which stated that the event was entertainment and not a sport.