Q:I heard that the Bangalore International Airport is all set to make news as the GVK Group, the promoter of BIAL, announces to promote real estate around the airport area. Is that true?
Latest Answer: Government support in this regard will further speed up the real estate development process. A reduction in VAT on aviation turbine fuel from 28% to 5% will be an appropriate move by the state government to boost the growth of the aviation sector. Such a reduction will strengthen the competitive edge of Bangalore and transform it into an aviation hub for numerous companies
