Celebi India may invest around $80 million in next 4 years

Celebi India, a prominent aviation services provider, is contemplating an investment of approximately USD 80 million in its business over the next four years. This significant financial commitment is part of the company's expansion strategy, which includes plans to expand its presence at additional airports and bolster its cargo handling capabilities, according to Murali Ramachandran, President for India & S-E Asia at Celebi Aviation Holdings. Currently, Celebi operates as a provider of ground handling services and cargo operations. As part of its sustainability efforts, the company also intends to transition to an all-electric fleet for its operations at existing airports. Presently, Celebi holds the responsibility of offering ground handling services at nine airports in India, which encompass Delhi, Mumbai, Chennai, Bengaluru, Hyderabad, Cochin, Ahmedabad, Mopa (Goa), and Kannur. Furthermore, Celebi manages cargo operations at Delhi airport through a joint venture established with Delhi International Airport Ltd (DIAL). Ramachandran elaborated on their financial commitments, stating, Celebi has already invested around USD 250 million since its entry into the Indian market in 2007. In terms of expected investment, we will be allocating USD 28 million to enhance our ground handling capabilities in the next four years, with an additional USD 30 million earmarked for the expansion of our cargo business.