The meeting was held on the sidelines of the inaugural Russian Grand Prix in Sochi, last month.
The Indian Grand Prix was dropped from the 2014 calendar after three successful seasons, owing to tax and bureaucratic hurdles, leaving fans and experts to wonder whether the elite global event will comeback at all. The race has already been ruled out for 2015.
The issues surrounding the Grand Prix remain but Ecclestone-led Formula One Management (FOM) and race promoters Jaypee Sports International (JPSI), headed by Sameer Gaur, first want to honour the five-year contract and then work on securing the long-term future of the event.
Gaur, on his part, said, "Formula 1 remains very important for us. Unfortunately, because of the circumstances we could not do the race this year but I see the situation improving soon. The important thing is that we and FOM are on the same page. 2015 looks tough as the calendar is more or less final, so we should look at 2016 as the year for the race."
