India's chance of hosting a Formula One race by 2007 is 'pretty good', according to a senior official.
A team of Indian officials are set to meet Formula One supremo Bernie Ecclestone in January to confirm the race.
PV Rao, who will lead the team, said: "Discussions are going on and we have to discuss a lot of issues. But we are most hopeful. Our chances look pretty good. We are aiming for a race in 2007."
A preliminary meeting was held with Ecclestone earlier this month about plans to bring the event to Hyderabad. The city has been the front runner to host a F1 Grand Prix after Ecclestone showed interest in taking the sport to India.
Filed by Mark O'Neill-Cummins
