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of <h1>Central Government Approves L&T Infocity's Industrial Park under Section 80-IA of Income Tax Act for Tech Development</h1> The Central Government has approved the establishment of an industrial park by L & T Infocity Limited in Hyderabad under Section 80-IA of the Income Tax Act, 1961. The park, located in Madhapur, spans 14.65 acres, with 91% designated for industrial use and 9% for commercial use. It will host activities such as data processing, software development, and consultancy services. The project involves an investment of Rs. 281 crore, with infrastructure development costs of Rs. 258 crore. The park began operations in phases starting April 1, 1998. Compliance with specified conditions is mandatory to maintain approval.
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