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of <h1>Central Government Approves 400-Acre Agro-Industrial Park in Ghaziabad Under Section 80-IA of Income-tax Act 1961</h1> The Central Government has approved an industrial park developed by a company in Ghaziabad, Uttar Pradesh, under section 80-IA of the Income-tax Act, 1961. The park, spanning 400 acres, focuses on agro and food processing activities, with 66% of its area allocated for industrial use and 10% for commercial use. The project involves a total investment of 4005 lakhs INR, with 2955 lakhs INR dedicated to infrastructure development. Specific conditions include maintaining a minimum industrial area, limiting individual unit size, and ensuring infrastructure development constitutes a significant portion of the project cost. Non-compliance with these conditions may lead to withdrawal of approval.
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