India, June 17 -- NEW DELHI There has been a lot of speculation in India about the return of Formula 1 especially after union sports minister Mansukh Mandaviya had said in April that they are pushing for the sport's return to the Buddh International Circuit (BIC) in 2027.

However, Formula 1 CEO Stefano Domenicali clarified on Wednesday that although they are keen on returning, it won't be any time soon.

"There is a big interest from us to return to your country. There are the right things that we need to do - to find back again the right promoters, the right collaboration, and the right timing, which will not be in the very short term," said Domenicali.

"But when we talk about five years in Formula 1, it seems to be very far away, but ...