Industrial Park tax exemption requires specified investment, unit composition, approvals and ongoing operational compliance. Notification designates M/s. Pantheon Infrastructure Private Limited's Logitech Park, Andheri (East), Mumbai, as an Industrial Park under clause (iii) of sub section (4) of section 80 IA, subject to annexed conditions. Key operative requirements include specified phased area and activities, minimum numbers of industrial units, minimum infrastructure investment thresholds (50% generally; 60% where built up industrial space is provided), a cap on any single unit's occupiable industrial area, separate statutory and FDI approvals, operability by the named undertaking while benefits are claimed, requirements for fresh approval if commencement is delayed, and procedures and consequences relating to transfer, amendment, nondisclosure and invalidity of approval.