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In response to Ecclestone's claims, Sameer Gaur, CEO of JPSI, said he did not want to talk to the media about their contract with Formula One.
Indian media quoted JPSI viceA[degrees] president Askari Zaidi as conA[degrees] firming the grand prix would skip a year because holding it in March 2014 would not be comA[degrees] mercially viable so soon after this year's in October.
Farhan Vohra, Race Operations in-charge and Clerk of the Course, Buddh International Circuit said, "I am honoured with this recognition, which could not have been possible without the efforts of entire JPSI team that helped ensure a smooth Indian Grand Prix for the second year running.
However, the JPSI have now said that they are ready to step in and pick up any tax costs the teams incur, Sky Sports reports.
Do hope that JPSI and Dorna can arrive at a date for 2015 to give India the privilege!" he wrote on his Facebook page.
The four-year contract, which covers the Indian Territory and goes into effect till 2016, will also permit JPSI to resell the non-exclusive TV rights to the broadcasters for other non-India WSBK races.
Managing Director and Chief Executive Officer of JPSI Sameer Gaur said the company is hoping to open a racing school and academy.
The Supreme Court decided to hear the case after campaigner Amit Kumar accused race promoters Jaypee Sports International (JPSI) of not paying entertainment taxes in full for the 2012 race.
Indian sources suggest the Jaypee Group is nearing bankruptcy." In response, a JPSI official categorically denied the claims.
The Auto Expo will also provide the motorsports enthusiasts of the country, the opportunity of enrolling for the soon to be launched Mercedes-Benz- JPSI Performance Driving Academy, a first of its kind platform for nurturing racing talent in India.
"We are really disappointed that we can't have the Grand Prix in India in 2014." "But we have now agreed to return to India in March 2015." Race organisers Jaypee Sports International (JPSI) said they would have preferred an October date, but were willing to host the race in March if needed.
The height of the kerbs has also increased to 25mm," Farhan Vohra, general manager, race operation of Jaypee Sports International ( JPSI) said.
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