<h1>Special Economic Zones replacement enables state partnership and expands GIFT City regulatory autonomy for financial services.</h1> Replacement legislation will reframe large industrial enclaves as state-partnered Enterprise and Service Hubs to optimise infrastructure and boost export competitiveness. For GIFT City, proposals permit world-class foreign universities to offer financial, fintech and STEM courses largely free from domestic regulations except oversight by the designated financial regulator; establish an International Arbitration Centre for disputes under international jurisprudence; and facilitate services for global capital in sustainable and climate finance.