"We have a very sound contract with the F1 management. Bernie Ecclestone is a wise man and he believes in India as a destination. 2014 Indian Grand Prix is not happening because of logistical problems but those problems will be sorted out and in 2015, bang on, we will be on target," Gaur told NDTV today.
Gaur informed that the five -year contract means that F1 will continue to find a home in India but cautioned that a roadmap will be needed thereafter.
Bernie Eccleston, the F1 boss, had earlier said that oraginsing the Grand Prix in India was tough because of political reason, hinting at the various levels of red-tapism faced by F1 teams coming to India.
Though Gaur wasn't ready to put all the blame on the Indian government, he does feel a little bit of help can go a long way in securing the long-term future of the Indian Grand Prix.
"Yes, Jaypee has paid the license fee but the government can share the licence fee. There are many governments around the world that share the F1 license fee."
"We should see the model of Singapore and Abu Dhabi. When you go to these countries, it looks like a festival in those time. Their government popularises F1 in every step. Whether it is their buses, their metros, their restaurants. Jaypee as a private entity can only do that much to create the buzz, we have our limits.