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of <h1>Central Government Approves Growth Centre in Jaipur as Industrial Park Under Section 80IA(4)(iii) of Income-tax Act, 1961</h1> The Central Government has notified the development of a Growth Centre by a state industrial corporation in Jaipur as an Industrial Park under Section 80IA(4)(iii) of the Income-tax Act, 1961. The Growth Centre, located in Bhilwara, Rajasthan, spans 725 acres, with 80.31% earmarked for industrial use and 5.46% for commercial use. The project requires a minimum of 87 industrial units and involves a proposed investment of 3233.91 lakhs INR. The notification outlines conditions for infrastructure development, tax benefits, and operational requirements, with stipulations for maintaining compliance to retain approval and benefits.
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