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<h1>Pharmaceutical Special Economic Zone in Lote Parashuram, Ratnagiri, officially recognized as Inland Container Depot under Customs Act.</h1> The Central Government, under the authority of the Special Economic Zones Act 2005, has designated April 23, 2009, as the commencement date for the sector-specific Special Economic Zone (SEZ) for pharmaceuticals at Lote Parashuram, District Ratnagiri, Maharashtra. This SEZ, developed by the Maharashtra Industrial Development Corporation, is recognized as an Inland Container Depot under the Customs Act, 1962.