"An Indian GP would satisfy the legions of Indian fans of the sport who are currently glued to the television on Sundays and turn up in droves at various venues where large viewing screens are put up, " said Narain Karthikeyan, who became the country's first F1 driver in 2005.
Super Aguri, the first all-Japanese team on the Western-dominated circuit, have struggled for financial support since being founded in late 2005 by Aguri Suzuki, the first Asian to stand on an F1 podium.
He became the youngest race-winner in F1 history when he won the 2003 Hungarian Grand Prix, and its youngest world champion in 2005, though he has lost those marks to Sebastian Vettel and Lewis Hamilton.