KTR who brought Formula E race to Hyderabad decries Govt decision to stall car racing event

HYDERABAD: KTR who brought Formula E race to Hyderabad decries Govt decision to stall car racing event

HYDERABAD: Working president of the Bharat Rashtra Samithi (BRS) K T Rama Rao, who is credited with bringing the global sporting event, Formula E race, to Hyderabad has decried the decision of Telangana Government not to let the races.

Soon after the news break that the races were cancelled, KTR took to “X” and posted: “This is truly a poor and regressive decision by the Congress Government.

“Events like Hyderabad E-Prix enhance the brand image of our City and Country across the world. We had put in a lot of effort and time to bring Formula E-Prix for the first time to India 🇮🇳

“In a world where Sustainability has become the focus and Buzzword, KCR Govt had taken the initiative to use the Formula E Race as an occasion to also conduct a week long EV Summit attracting EV enthusiasts, Manufacturers and Startups to showcase Hyderabad as an attractive investment destination.

“We had also launched the Telangana Mobility Valley to promote the state as the epicentre for Sustainable Mobility Solutions.”

In fact, Formula E races fetched USD 84 million to Hyderabad last year.