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In a move that could boost the growth of the aviation sector, the Telangana Government has slashed VAT on aviation turbine fuel to 1 per cent from 16 per cent. KT Rama Rao, State Industries and IT Minister announced the slashing of the VAT on ATF at the GMR Group event where 10 years of Hyderabad airport was being celebrated.
The Minister also announced the Government plans to set up a logistics hub and a dry port near the airport and transform it into a multi modal transport hud.
KTR announced the Government move to develop a Rs 4,650 crore expressway to Hyderabad within two years by providing State's support.
The Minister, while lauding the efforts made by the GMR Group, said the airport will transform the infrastructure in the region over the next few years.
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