TMI BlogCentral Government makes Industrial Park/Industrial Model Town Scheme u/s 80I-AX X X X Extracts X X X X X X X X Extracts X X X X ..... elopment of industrial infrastructure for carrying out integrated manufacturing activities including Research and Development by providing plots/sheds and common utilities such as roads, water, power, drainage and telecommunication within its precints; or ( b ) an industrial park for development of infrastructural facilities in an area as well as provision of built-up space and common facilities for the specialised purpose activity like software development, gems and jewellery, electronics hardware; or ( c ) a growth centre under the Growth Centre Scheme of the Government of India; provided that the scheme is implemented by an undertaking and where a growth centre is distinctly developed as a separate profit centre, shall also be trea ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... oject shall have provision for the location of minimum number of industrial units as follows : Type Minimum No. of units to be provided for ( i ) Industrial Model Town 50 ( ii ) Industrial Park 30 (3) The minimum percentage of the area to be allocated for industrial use shall not be less than 66% of the total allocable area. The allocable area will mean the net area which is available for allocation for industrial, commercial or residential purpose and will exclude such area as is used for provision of common facilities like power, telecom, roads, green belt. In case of an industrial park which is making available the built-up space, the allocable area will mean the net floor area which is available for allocation and will exclude ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... industrial park. For this purpose a unit means a separate taxable entity. (9) Approval for Foreign Direct Investment/Non-Resident Indian Investment by the Foreign Investment Promotion Board/Reserve Bank of India, wherever necessary, shall be taken separately as per the policy and procedure in force. 4. Non-automatic approval (1) All applications not eligible for automatic approval shall require the approval of the Empowered Committee, constituted under the Ministry of Industry. (2) The Empowered Committee shall consist of : ( a ) Secretary, Deptt. of Industrial Policy Promotion, Chairman Government of India ( b ) Chairman, Central Board of Direct Taxes, Govt. of Member India, or his representative ( c ) Secretary, M ..... X X X X Extracts X X X X X X X X Extracts X X X X
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