Turkish investment in India s metro airports
Posted: Tue 1 Feb, 2011 2:11 PM
Celebi Holdings, a Turkish firm, is investing US$100-million in ground handling and equipment at India s New Delhi and Mumbai airports, to be completed by 2015.
This investment is being undertaken in order to meet the growing demand of air cargo and passenger traffic, and improve efficiency and security in the Indian airports. According to a report in Tour Expi, Celebi Holdings has already spent US$35-million on construction and US$12-million towards purchase of equipment and security upgrade at Delhi International Airport Ltd (DIAL). The development project is expected to be completed by early 2012.
Celebi will be serving half of all international flight traffic in and out of Delhi and Mumbai. It has also set sights on opportunities to enter an airport in the south of India.
