The global financial crisis which has left realty majors like DLF, Emaar and Eros gasping for breath and money will not threaten the construction of the 2011 formula one Indian Grand Prix. The MD of the company made the following statement to a press agency :

“The progress is very nice…I’m absolutely, absolutely confident that the track  will be completed”

Samir Gaur, managing director of India’s JPSK Sports Pvt Ltd was quoted as saying.

“The track will be ready in 2011.”

The JPSK group is a subsidary of Jaiprakash Associates who own a large number of Industries and Educational Institutes in India. The track will be built at Greater Noida which is a satellite town on the outskirts of Delhi. Its connected to Delhi via an expressway.