Industrial park approval under section 80-IA imposes conditions on area allocation, infrastructure investment and compliance obligations. Central Government notifies L & T Infocity Limited's undertaking as an industrial park under section 80-IA, subject to schedule conditions specifying promoter, location, area, permitted activities, unit numbers, allocable area rules, percentages for industrial and commercial use, investment and infrastructure expenditure minima, and definition of infrastructure. Conditions include a minimum industrial allocation of 66%, commercial allocation capped at 10%, limits on single unit occupation, separate approvals for foreign investment, continued operation during benefit period, and governmental power to withdraw approval for noncompliance or undisclosed material facts.
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Provisions expressly mentioned in the judgment/order text.
Industrial park approval under section 80-IA imposes conditions on area allocation, infrastructure investment and compliance obligations.
Central Government notifies L & T Infocity Limited's undertaking as an industrial park under section 80-IA, subject to schedule conditions specifying promoter, location, area, permitted activities, unit numbers, allocable area rules, percentages for industrial and commercial use, investment and infrastructure expenditure minima, and definition of infrastructure. Conditions include a minimum industrial allocation of 66%, commercial allocation capped at 10%, limits on single unit occupation, separate approvals for foreign investment, continued operation during benefit period, and governmental power to withdraw approval for noncompliance or undisclosed material facts.
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