- Thursday, May 01, 2025
Reliance group chief said the fusion of storytelling and digital technologies in India has created a strategic and economic opportunity
By: India Weekly
RELIANCE INDUSTRIES chairman and managing director Mukesh Ambani has said that India’s media and entertainment industry can grow more than threefold to $100 billion in the next decade.
At the inaugural session of the WAVES 2025 conference in Mumbai, Ambani pointed out that the industry is currently valued at $28 billion, and its rapid growth will drive entrepreneurship, generate millions of jobs, and create a ripple effect across sectors.
Reliance group controls Network18 – one of India’s largest media conglomerates – as well as digital platforms, entertainment channels, and content streaming platforms.
Ambani said the fusion of storytelling and digital technologies in India has created a strategic and economic opportunity.
“It has multiplied the impact and reach of entertainment and cultural experiences beyond imagination.
“The tools of AI and immersive technologies can make our stories more captivating than ever before — and take them instantly to audiences across languages, countries, and cultures.”
By mastering these tools, India’s young creators will rule the global entertainment industry, Ambani noted.
The billionaire businessman observed that India’s entertainment and cultural industry is not just soft power – it is real power.
Ambani said the country’s 5,000 years of “civilizational heritage” has a vast treasure trove of timeless tales, which no other country can match.
“They touch people’s hearts around the world because they celebrate universal human values – brotherhood, compassion, courage, love, beauty, and care for nature,” he said.
He pointed out that representatives from 90 countries and 10,000 delegates are participating in the WAVES 2025.
“This is the josh of Naya Bharat – the spirit of New India. Bold in its dreams. Fast in its execution. And determined to surpass global standards.”
Referring to the recent terror attack in Pahalgam, Ambani said the presence of Prime Minister Narendra Modi at the conference sends a strong message of “hope, unity, and unshakable resolve”.
“Modi ji, you have the full support of 145 crore Indians in this fight against the enemies of peace, justice and humanity. Their defeat is certain. (PTI)
