CHENNAI: Hosting Formula 4 racing in Chennai is expected to generate significant inward investments to help the local economy apart from offering a platform for Indian drivers to compete on an international stage, a release said.
“Greenko Hyderabad E-Prix, hosted in collaboration with the Government of Telangana and Ace Nxt Gen, delivered an economic impact of nearly $84 million to Hyderabad’s economy. Chennai, being a better-placed city in the field of motorsports, will have a bigger impact on the local economy,” the release said.
This will also give drivers an opportunity to attain a super licence which allows them to enter other championships conducted by FIA and Formula One World Championship. Hosting Formula 4 will strengthen Tamil Nadu’s reputation as a ‘premier destination for international motorsports events’, boost tourism and generate temporary employment opportunities, it said.