Industrial Park Approval granted subject to allocation, infrastructure and compliance conditions, with government withdrawal on noncompliance. Approval is notified for M/s International Tech Park Limited as an industrial park under clause (iii) of sub section (4) of section 80 IA, subject to conditions: at least 66% of allocable area must be for industrial use and commercial use may not exceed 10%; allocable area excludes common facilities or built up common space; no single unit may occupy more than 50% of industrial allocable area; prescribed minimum infrastructure expenditure thresholds apply; defined common facilities must be provided on commercial terms; statutory approvals for foreign and non resident investment are required; the operator must continue to run the park and the Government may withdraw approval for non compliance.
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Industrial Park Approval granted subject to allocation, infrastructure and compliance conditions, with government withdrawal on noncompliance.
Approval is notified for M/s International Tech Park Limited as an industrial park under clause (iii) of sub section (4) of section 80 IA, subject to conditions: at least 66% of allocable area must be for industrial use and commercial use may not exceed 10%; allocable area excludes common facilities or built up common space; no single unit may occupy more than 50% of industrial allocable area; prescribed minimum infrastructure expenditure thresholds apply; defined common facilities must be provided on commercial terms; statutory approvals for foreign and non resident investment are required; the operator must continue to run the park and the Government may withdraw approval for non compliance.
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