Industrial Park approval under Section 80-IA enables tax benefits once prescribed conditions and unit thresholds are met. Notification designates the undertaking of M/s. Rajasthan State Industrial Development & Investment Corporation Limited, Jaipur, as an Industrial Park under clause (iii) of sub-section (4) of Section 80-IA, subject to conditions including minimum number of units, prescribed infrastructure investment thresholds, specification of allocable industrial and commercial area, prohibition on any single unit occupying more than half the allocable industrial area, requirement to secure separate statutory approvals, and ongoing operation and compliance obligations for maintaining approval and tax-benefit eligibility.