Industrial Park Proclamation No.886/2015.

This Proclamation has the following objectives: 1) regulating the designation, development and operation of Industrial Park; 2) contributing towards the development of the country's technological and industrial infrastructure; 3) encouraging private sector participation m manufacturing industries and related investments; 4) enhancing the competitiveness of the country's economic development; and 51 creating ample job opportunities. The Proclamation continue providing for rights and duties of Industrial Park Developer and Park Operator, and Industrial Park Enterprise. The Proclamation provides as well for the different forms of acquisition of the industrial Park Land. Moreover the Proclamation states that the federal and regional environmental legislations shall apply within industrial parks and the Ministry of Environment and Forest shall establish an office within industrial parks for the application, supervision, protection and enforcement of environmental norms, standards, safeguards, management and mitigation plans within the Industrial Parks. The details regarding environmental obligations of an Industrial Park shall be specified in the Regulation.