Turkish firm Celebi to invest $100 million in India

Celebi Holding, a major player in the Turkish airport ground handling and cargo operations, plans to invest $100 million in India after bagging contracts for Delhi and Mumbai international airports.

It is also eyeing terminal and cargo management at upcoming airports in India.

Celebi Ground Handling, the flagship company of Celebi Holding, was recently awarded contracts for ground handling operations at the Delhi and Mumbai International Airports, for 25 years and 10 years, respectively.

It plans to invest $25 million each on ground handling while the remaining $50 million would be used to manage the 70,000 square metre cargo terminal at Delhi airport.

On opportunities in upcoming airports, Celebi Honding’s vice chairperson Canan Celebioglu Tokgoz said that her company would like to bid for ground handling and cargo functions besides some logistical aspects, but not necessarily with the GMR group.
 “We are not sure as of now if we will do these projects with the GMR group. We will evaluate each project and then decide,” she said adding the GMR group too was free to decide about  its tie-up with Celebi for other projects in Turkey. GMR has developed the second largest airport terminal in Turkey in partnership with Celebi. Tokgoz said that her company has acquired 51% in the joint venture company which will do third-party ground handling at the Mumbai airport and 74% in the JV which will perform the same function at Delhi.