Industrial Park approval conditions tax benefits only after required units located and adherence to infrastructure, occupancy and operational requirements. The Central Government notifies the undertaking developed and operated by M/s. RMZCorp Holdings Private Limited as an Industrial Park under clause (iii) of sub-section (4) of section 80-IA, subject to specified terms and conditions. The approval specifies location, area, permitted activities, allocation of industrial area, minimum number of units required to access tax benefits, investment and commencement timelines. Conditions include mandated minimum infrastructure expenditure proportions, definition of infrastructure, cap on single-unit occupancy of allocable area, requirement for statutory approvals for foreign investment, continuous operation by the applicant, transfer notification procedures, and grounds for invalidation for misrepresentation or non-compliance.