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

26 Sep 2023 CW Team

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."

Technology

29 Jul 2026

AI-Enabled Workflows Lift Profitability and Productivity

Organisations modernising frontline workflows with artificial intelligence, automation and real-time data are reporting stronger financial performance, higher productivity and improved employee engagement, according to a global study by Zebra Technologies and Oxford Economics.The research covered 1,000 senior leaders across retail, manufacturing, transportation and logistics in the US, Mexico, the UK, Germany, India, Japan, Australia and New Zealand.In transportation and logistics, 54 per cent of companies that improved picking and packing operations reported faster operational performance, wh..

India Leads Global AI Readiness but Implementation Lags

Indian companies lead global averages across all eight artificial intelligence readiness indicators tracked by JLL, but only 19 per cent have started making changes to their workplaces, according to the JLL 2026 Future of Work Survey.The study found that 77 per cent of Indian business leaders expect AI to change their office requirements, creating a 58-percentage-point gap between awareness and implementation. The survey covered more than 2,200 CEOs, CFOs and real estate leaders across 21 countries during the first quarter of 2026.Despite concerns over automation, 58 per cent of Indian leaders..

Three WOLFF Cranes Build Riyadh Cable-Stayed Bridges

Three WOLFF 180 B luffing jib cranes are supporting the construction of two cable-stayed bridges alongside the existing Wadi Laban Bridge in Riyadh, Saudi Arabia. The project is being developed for the Royal Commission for Riyadh City and executed by the ICRC joint venture comprising IC Ictas and Al Rashid Trading & Contracting Company.The cranes are handling lifting operations including formwork, reinforcement, concrete placement, work platforms, surveying equipment and other construction materials. Each crane is fitted with a 40 m jib, reaches a hook height of 157 m and offers a maximum ..