Industrial Park designation enables tax incentives subject to infrastructure, unit-count, and compliance conditions. Notification designates the Industrial Park at Hanumangarh developed by M/s. Rajasthan State Industrial Development & Investment Corporation Limited as qualifying for tax incentives under clause (iii) of sub-section (4) of section 80-IA, subject to conditions. Eligibility requires specified area allocation, a minimum of 95 units, prescribed minimum infrastructure expenditure (50% of project cost or 60% where built-up space is provided), and provision of common infrastructure facilities. Benefits depend on actual unit location and continued operation by the undertaking; delays, undisclosed material facts, unauthorized amendments, or transfer without intimation invalidate approval.