The Force India F1 team has been given a boost ahead of the 2013 season with the approval of a $80 million investment program, according to the team.
Force India boss Vijay Mallya said the squad's board met in India after the Abu Dhabi Grand Prix and approved the program, which will mean Force India will invest heavily in new technology to boost the design team for the coming seasons. The team looks set to finish the 2012 season in seventh position in the constructors' championship, having scored 99 points ahead of the final race in Brazil.
Mallya believes his team has a lot of reasons to be proud about its achievements this year, especially considering some of the equipment it is using to design its car is from the era when the squad was known as Jordan.
"Looking back at the season so far, we have every reason to feel proud," he said. "We've scored more points than in any previous season and every year we've demonstrated that we've gone up the ladder. And we've taken fairly significant steps, not just baby steps. Given the tools that we have, which are mostly of the Jordan era, we have done exceptionally well."