Industrial Park designation enables tax benefits subject to infrastructure, minimum units, operational continuity and compliance conditions. Notification under clause (iii) of sub-section (4) of section 80-IA designates M/s. Rajasthan State Industrial Development & Investment Corporation Limited's Chanderia undertaking as an Industrial Park and sets conditions: 20.27 acres, 100% industrial allocable area, minimum 30 units, specified investment, and proposed commencement. Infrastructure expenditure must be at least 50% of project cost (60% if built-up space provided); infrastructure components are enumerated. No single unit may occupy more than 50% of allocable area. Separate statutory approvals required; tax benefits accrue only after minimum units locate; operator must continue operation; transfer and non-compliance procedures and invalidity grounds are specified.