Industrial park designation enables conditional tax benefits subject to infrastructure, unit count, and compliance requirements. Notification under clause (iii) of sub section (4) of Section 80-IA designates M/s. Rajasthan State Industrial Development & Investment Corporation Limited's Sitapura project as an industrial park, specifying location, 1580 sqm area, manufacturing activity, 100% industrial allocation, minimum 20 units, March 2000 commencement, stated investment, infrastructure expenditure thresholds (50% general; 60% for built-up space), prohibition on single-unit occupation over 50% of allocable area, requirement for separate statutory approvals, conditional availability of tax benefits upon establishment of minimum units, continued operation by the undertaker, and grounds and procedures for invalidation, withdrawal, or transfer of approval.