Celebi to invest $100 mn in Indian aviation industry

Celebi Holding,one of the largest business conglomerates from Turkey,aims to invest $100 million in the Indian aviation sector by 2010.

In a major development,Celebi Holding,one of the largest business conglomerates from Turkey,has further cemented its foothold in Indian aviation industry after bagging contracts for DIAL (Delhi International Airport Private Ltd.) and MIAL (Mumbai International Airport Private Ltd.). The company aims to invest $ 100 million in the Indian aviation sector by 2010.

The flagship company of Çelebi Holding,Celebi Ground Handling Inc. was recently awarded the contracts to provide its services for 25 years and 10 years respectively. It also has been awarded the contract of the cargo handling services at Indira Gandhi International Airport in Delhi.

Celebi Holding is also looking at expanding its operations in other parts of the country. The company is the largest Turkish investor in aviation sector in India so far and has plans for winning business in the new airports coming up in India.

Commenting on the occasion,Canan Celebioglu Tokgoz,vice chairperson of Celebi Holding said,India is among the most important foreign investments of Celebi. We believe that we will contribute to Indian aviation with our investments,high-technology equipment,and the positive competition environment that we created with our high quality service.”