SEZ 2.0 Explained: Why India Is Rethinking a 20-Year-Old Policy

India is preparing the biggest overhaul of its Special Economic Zone, or SEZ, framework since the law was introduced in 2005. The government wants to make these export hubs more relevant for today's manufacturing economy and global supply chains. But why is this happening now, what went wrong with the old model, and will the proposed reforms be enough?