Celebi pumps US$100m into India

IT has just become the first cargo tenant at Budapest Airport, and now Celebi Holdings is planting big money in India.
The Turkey-based airport services provider intends to invest US$100 million in handling cargo at Delhi (right) and Mumbai airports by 2013. This complements the $30.2 million injected into India to date. Celebi also plans to double its workforce in the country in the next five years.
The company is waiting for a new ground handling policy, being opposed by the airlines in India, to meet approval soon. The policy allows only three ground handlers at the six major airports of Bangalore, Chennai, Delhi, Hyderabad, Kolkata and Mumbai, and restricts airlines to carry out certain aspects of ground handling.