Special Economic Zone designation establishes Puppalguda area as SEZ and creates an Approval Committee and inland container depot status. Notification designates 2.63 hectares at Puppalguda Village as a Special Economic Zone for IT/ITES proposed by M/s. Phoenix Spaces Private Limited, following grant of a letter of approval. It constitutes an Approval Committee comprising specified ex officio members and a developer representative as special invitee, and appoints the notification date as the date from which the SEZ shall be deemed an Inland Container Depot under the Customs Act.