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of <h1>India Approves Industrial Park in Mumbai with Strict Conditions on Area Use and Tax Benefits for 10 Years.</h1> The Government of India has approved the establishment of an industrial park by a private company at a specified location in Mumbai, Maharashtra. The industrial park, operational since June 8, 2010, must adhere to specific conditions, including maintaining a minimum constructed floor area of 15,000 square meters and allocating at least 75% of its area for industrial use. It must house at least 30 industrial units, with no single entity occupying more than 25% of the allocable area. The company can claim tax benefits for ten consecutive assessment years, provided it complies with the stipulated terms and conditions. Non-compliance or misinformation may lead to revocation of approval.
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