Turkish cargo handling firm to invest $100 mn in India
Celebi Holding, a major player in the Turkish airport ground handling and cargo operations, today said it will invest $100 million (Rs 500 crore) in India after bagging contracts for Delhi and Mumbai international airports.business Updated: Feb 08, 2010 19:03 IST
Celebi Holding, a major player in the Turkish airport ground handling and cargo operations, on Monday said it will invest $100 million (Rs 500 crore) in India after bagging contracts for Delhi and Mumbai international airports.
Celebi Ground Handling, the flagship company of Celebi Holding, was recently awarded the contracts for ground handling operations at the Delhi International Airport and Mumbai International Airport respectively for 25 years and 10 years.
Delhi International Airport Ltd (DIAL), developer and operator of the Delhi airport, has also signed a contract with Celebi to upgrade, modernise, finance, operate and manage the existing 70,000-square metres cargo terminal.
Celebi Holdings has in the past been a member of the consortium including GMR, who bid and won the project to construct Istanbul's second international terminal at the Sabiha Gokcen airport and run it for 20 years.
The Turkish firm will bring in about $30 million of contemporary ground handling equipment and also look at expanding operations to other parts of the country.
"We are looking at all opportunities here. Be it metro airports or non-metro airports," said Celebi Holdings vice chairperson Canan Celebioglu Tokgoz.