Industrial Park Scheme 2002

Organisation

Department of Industrial Policy & Promotion

Objective

Any project, being an industrial park, shall aim at setting up of - (a) an Industrial Model Town for development of industrial infrastructure for carrying out integrated manufacturing activities including research and development by providing plots or sheds and common facilities within its precints; or (b) an industrial park for development of infrastructural facilities or built-up space with common facilities in any area allotted or earmarked for the purposes ofindustrial use specified in explanation to para 6 subclause (c); or (c) a Growth Centre under the Growth Centre Scheme of the Government of India: Provided that the scheme referred in this clause is implemented by an undertaking and the Growth Centre is distinctly developed as a separate profit centre. Explanation 6(c): For the purpose of this clause, the Industrial use shall include any activity defined in the National Industrial Classification 1987 Code issued by Central Statistical Organisation, Department of Statistics, Ministry of Planning and Programme Implementation.

Eligibility

Allocable area means - in the case of an industrial park the net floor area available for allocation but excluding the built up space used for providing common facilities; in any other case, the net area available for allocation for industrial, commercial or residential purpose but excluding the areas used for providing common facilities. Common facilities includes the facilities of air conditioning, roads (including approach roads), water supply and sewerage, common effluent treatment facility, telecom network, generation and distribution of power used by two or more industrial units in an industrial park.

Brief

This scheme shall be applicable for any undertaking which develops, develops and operates or maintains and operates an Industrial Park for the period beginning on the 1st day of April, 1997 and ending on the 31st day of March, 2006. In a case, where an undertaking develops an Industrial Park on or after the 1st day of April, 1999 and transfers the operation and maintenance of such Industrial Park to another undertaking (transferee undertaking), the benefits shall be allowed to such transferee undertaking for the remaining period in the ten consecutive assessment years in a manner as if the operation and maintenance were not so transferred to the transferee undertaking.