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<h1>Central Government Launches Industrial Park Scheme, 2002 Under Section 80-IA to Boost Development of Industrial Parks</h1> The Industrial Park Scheme, 2002, is established under the authority of clause (iii) of sub-section (4) of section 80-IA of the Income-tax Act, 1961. This scheme is designed by the Central Government to promote the development of industrial parks. It is officially titled the Industrial Park Scheme, 2002, and becomes effective upon its publication in the Official Gazette.