New Delhi: Siemens Limited, a part of Engineering Conglomerate Siemen AG, has struck a Rs 127 crore deal with Jaypee Sports International Limited (JPSI) to provide technological support for India`s first Formula One race next year.
The 5.14km track is being developed by JPSI and the Indian Indian Grand Prix will take place as the 18th race of 20-race season on October 30.
Siemens will supply, install, design, engineer and commission special electronics package, which is one of the most crucial parts of F1 race tracks.
The package includes setting up the race control management system, video surveillance for racetrack and video storage, Digital Signaling system (Digi Flag) and time keeping system.
The project is scheduled to be completed by July 2011.
"Additionally, Siemens will also provide the complete IT backbone (VOIP & Data network), Information displays, and Media Distribution system for Media centre for this project," a press release said.
Siemens has also executed similar F1 projects in the past at Bahrain, Abu Dhabi, Istanbul and Malaysia.
"Siemens was selected, because of their excellent track record and company`s capability to execute and deliver extremely sophisticated solutions for the modern racing circuit within the stipulated time-frame. Siemens has a huge experience in executing similar international F1 projects and recommendation by the FIA World Motor Sports Council," Sameer
Gaur, MD and CEO of Jaypee Sports International Ltd said.
Vijay Paranjape, Director Siemens Ltd said, "As a global leader with a vast experience in numerous F1 race tracks around the world, and proven expertise in this sector, this prestigious project provides us with yet another opportunity to bring state of the art sporting systems to India that match