An Indian businessman and a member of the upper house of the Parliament of India, Vijay Mallya has acquired the Spyker F1 Team.

Mallya, who is the chairman of the United Breweries Group and Kingfisher Airlines puts India back on the F1 circuit. Not only will India be mentioned in the updated name of the company, but this will give a perfect chance to Indian drivers to be on the circuit. Especially, this might turn to be a golden opportunity for Narain Karthikeyan.

India still hopes to secure a place in the Formula 1 calendar. The nearest opportunity is 2009. However, Mallya is already expecting a German designer Herman Tilke, who has done Bahrain, Istanbul and is now working on Singapore. Tilke will be flying to Delhi on Monday and will check the suitability of two-three sites.

Photo copyright Jonathan Drake/Bloomberg News /Landov