Special Economic Zone designation establishes a multi services Ulwe zone, forms an approval committee and grants ICD status. Notification designates a 128.4292 hectare area at Ulwe, Navi Mumbai as a Special Economic Zone for multi services development by M/s. Navi Mumbai SEZ Private Limited under the SEZ Act, following grant of a letter of approval, constitutes an Approval Committee with specified ex officio members and appoints the notified date as the date from which the zone shall be deemed an Inland Container Depot under the Customs Act.