Comments by "Rutvik" (@rutvikrs) on "Buddh International Circuit: India’s white elephant" video.

For whose benefit? I hope they use the land for some much needed social infrastructure. F1 isn't of any significant utility or need.
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@bulthaosen1169 you seem to be a fan. Please answer as I genuinely want to know: 1. How will you recover money when organisers legally charge for selection? 2. Middle Eastern countries are using their sovereign wealth funds to attract tourists. With Jaypee being over leveraged, who needs to front the money? 3. India has never been seen as a tourist spot for high income clientele unlike ME or even Malaysia. How will you attract footfall? Just domestic tourism will not cut the mustard as everyone is dependent on international tourism. 4. India badly needs social infrastructure (not farms, as you characterized it). It produces way more return than a F1 circuit as it provides round the year economic productivity. Why do we continue to keep a white elephant located 2 hours away for once a month events? Read the title of the video for a hint. It is a white elephant. Buddh was badly to timed even for today's economic situation in India. I doubt you will respond but let's see.
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@bulthaosen1169 maybe I am wrong. Could you tell me how F1 venues are selected and what percentage of broadcasting and sponsorship is shared with the host nation?
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@utathyasarkar1014 so I invite you to answer the above question. How will India make money from the event?
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@bulthaosen1169 also you are raising a strawman argument for farms. Who is asking for farms here? Social infrastructure like sports academies are needed not white elephants which cost the nation without a return.
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@bulthaosen1169 you are so close to the answer. 1. Cricket, especially IPL pays entertainment tax which F1 is unwilling to pay and is the primary reason for removing Buddh from the circuit. 2. Incase you did not know, F1 does not select it's venues for the benefit of audience or host. They get paid money by the property holder or the government. Middle eastern countries are using their sovereign wealth funds to bring in tourism. Jaypee group is debt laden, newer investors will also not want to invest 40-50 million dollars to bid for participation after investing into the facility which means taxpayers money will have to be used to bring in F1.(You can verify this. Saudis paid 65M+45M Aramco sponsorship. The bare minimum bid will be $40M.) 3. India does not get to earn money except tax and international footfall which are both not great sources of revenue returns. F1 has essentially become a sportswashing event like the Olympics or FIFA WC. 4. There is no tangible benefit in terms of employment, specialisation or industry to the local population. Other sports lead to industries like cricketing facilities created by BCCI are open source to other sportspersons, it's created biomechanical and sports science industry in Chennai/Bengaluru; increased demand for India made bats like SG, MRF and SS. F1 provides zero avenues for R&D and business. 5. India will need to do sportswashing events too but that is 10-50 years away. At best we can expect such events for increasing influence in our neighborhood with countries like SL, BD, NP and perhaps SEA countries. Till that time this facility is high maintenance, high upkeep and zero benefit facility. I'd rather have a NATRAX which provides so many R&D opportunities in construction/Vehicular research or a SAI facility which generates multi disciplinary specialisation.
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