In an influence play that indicators India‘s bold bid to change into a worldwide leisure powerhouse, Prime Minister Narendra Modi will personally spearhead the inaugural World Audio Visible & Leisure Summit (WAVES 2025) in Mumbai.
The four-day leisure {industry} confab goals to determine India as a drive within the international media and leisure panorama, bringing collectively a high-wattage mixture of world leaders, {industry} heavyweights, policymakers, creators and tech innovators.
Per newest numbers from the annual FICCI-EY India media and leisure panorama report, the sector hit INR2.5 trillion ($29.4 billion) in 2024 and is projected to develop at a compound annual fee of seven% and attain $36.1 billion by 2027. Digital media will lead the growth, climbing to $12.9 billion, whereas on-line gaming is predicted to develop to $3.69 billion. Animation and VFX are projected to achieve $1.72 billion.
Modi’s high-profile involvement underscores the Indian authorities’s strategic imaginative and prescient of positioning the nation as each a content material juggernaut and technological chief in leisure. The Prime Minister’s handle is predicted to stipulate India’s roadmap for leveraging inventive industries as key financial development drivers.
The summit’s star-studded roster of politicians and directors contains Exterior Affairs Minister S. Jaishankar, Info & Broadcasting Minister Ashwini Vaishnaw, Maharashtra Chief Minister Devendra Fadnavis, Minister of State for Info & Broadcasting Dr. L. Murugan, Secretary, Ministry of Info & Broadcasting Sanjay Jaju, Chief Secretary, Authorities of Maharashtra Sujata Saunik and over 100 worldwide diplomats and policymakers.
“The intersection of creativity, media, and expertise is remodeling the media panorama of the world and reaching a brand new stage of convergence,” stated Vaishnaw, who additionally holds the Railways and Electronics & IT portfolios. “WAVES 2025 will present a platform for creators from all walks of life to generate high-value content material and collaborate with international media giants.”
Jaishankar emphasised the occasion’s industry-shaping potential, describing it as “a pivotal platform for fostering discussions, collaboration, and innovation within the media and leisure {industry}.”
The summit will characteristic seven distinct program tracks, with the centerpiece being the Might 2 International Media Dialogue, the place ministers, policymakers and {industry} leaders will deal with hot-button points together with AI, content material localization, cross-border collaborations, digital rights and sustainability in media manufacturing.
The WAVES Bazaar will debut because the {industry}’s first international e-marketplace, facilitating year-round content material commerce throughout movie, tv, music, gaming and digital platforms, whereas the WaveXcelerator will operate as a launchpad for M&E startups, with reside pitching periods and investor matchmaking.
Different points of interest embody the Bharat Pavilion, showcasing India’s inventive heritage; thought management tracks addressing AI, IP rights and digital monetization; the Create in India Problem celebrating rising expertise; and WAVES Culturals that includes reside performances.
Maharashtra’s Fadnavis, whose authorities has partnered with the Ministry of Info & Broadcasting for the occasion, talked up Mumbai’s credentials as the right host metropolis.
“Mumbai, the monetary and leisure capital of India, serves as the right backdrop for WAVES 2025, seamlessly mixing historical and trendy cultural influences whereas fostering collaboration and cultural diplomacy within the media and leisure sector,” stated Fadnavis, who additionally introduced the institution of the Indian Institute of Inventive Expertise to nurture inventive expertise.
Info & Broadcasting Secretary Sanjay Jaju described WAVES 2025 because the world’s first-ever convergence platform for your entire M&E sector, designed to bridge conventional and rising media whereas showcasing India’s cultural richness by means of content material creation and technological innovation.
The summit goals to handle key {industry} issues, together with AI in content material creation, mental property rights, misinformation, media ethics and sustainable manufacturing practices.
By positioning the M&E sector as integral to the “Orange Economic system,” WAVES 2025 will spotlight the {industry}’s position in financial development, job creation and cultural alternate — establishing media and leisure as what organizers name “a robust unifying drive” within the digital age.
The inaugural World Audio Visible & Leisure Summit is scheduled for Might 1-4 at Mumbai’s Jio World Conference Centre.
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