The decision was taken in the zonal selection meeting which was held at the DDCA today.
Beside Sehwag, the team will also feature other big names of Indian cricket such as Gautam Gambhir, Virat Kohli, Yuvraj Singh and Harbhajan Singh, who are currently playing in the ICC World Twenty20 in Sri Lanka.
Ashok Vaswani will be the manager of the team, a DDCA release said.
The selection committee, however, said that that if the Indian team qualifies for the World Twenty20 final, then the top players will be replaced by other cricketers.
Sehwag will be replaced by I D Singh, Ghambir by Rahul Dewan and Kohli by Udey Kaul, while Vipul Sharma and Gurvinder Singh will replace Yuvraj and Harbhajan repectively, the release added.
The meeting was attended by Mohinder Amarnath (chairman), Chetan Chauhan (DDCA), Vikram Rathore (Punjab), Manzoor Ahmed Wazir (J&K), Rajeep Kaisi (HPCA), Aman Kumar (Haryana) anmd Sunil Dev (Convenor).