Turkish firm investing over $100 mn on Mumbai, Delhi airports

Istanbul: With India's air cargo and passenger traffic growing at a frantic pace and efficiency and security becoming a major concern, a Turkish firm is investing $100 million by 2015 in ground handling and equipment at Delhi and Mumbai airports.
Celebi Holdings has already spent $35 million on construction and $12 million towards purchase of equipment and security upgrade at Delhi International Airport Ltd's (DIAL) 70,000-sq mts cargo facility expected to be completed by early next year.
In addition it has a holding fee of $25 million deposited with DIAL.
'It is good that India is looking seriously at its cargo infrastructure upgrade. India exports pharmaceuticals, for instance, in a big way. Lack of facilities will hold up growth,' says Canan Celebioglu Tokgoz, vice chairman of the Turkish company.
Celebi, a 53-year old entity and one of the top three cargo handlers in Frankfurt, says an upgrade of the facility in Delhi may be posing congestion problems for clients, but that will go away once the work is over.
30/01/11 IANS/Sify.com

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Categories: Airports Jan 2011