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Updated: May 02, 2025 08:05
Mukesh Ambani, Chairman and Managing Director of Reliance Industries, has unveiled an ambitious vision to catapult India’s media and entertainment sector from its current $28 billion valuation to a staggering $100 billion within the next decade. Speaking at the inaugural WAVES 2025 summit in Mumbai, Ambani declared that India is poised to become the epicenter of a new global entertainment revolution.
Key Highlights
Ambani’s vision is anchored on three pillars: compelling content rooted in India’s storytelling heritage, a dynamic young population (average age 29), and world-leading technology infrastructure, including 1.2 billion smartphone users and rapid 5G/6G adoption.
He emphasized that the media and entertainment industry is not merely India’s soft power but its real power-capable of uniting, inspiring, and enriching the world through culture and creativity.
The sector’s growth to $100 billion will be driven by strategic investments in infrastructure, talent development, and cutting-edge technologies like artificial intelligence, animation, VFX, and immersive experiences.
Ambani called for the creation of state-of-the-art content clusters nationwide, the training of tens of thousands of young professionals, and regulatory reforms to incentivize intellectual property creation and global content distribution.
He urged India’s creators to think globally, develop content for international audiences, and leverage digital platforms to take India’s stories to every corner of the world.
The expansion is expected to generate millions of jobs and spark entrepreneurship across diverse sectors, making India not just the entertainment hub of Asia, but of the world.
Ambani credited Prime Minister Narendra Modi’s leadership for inspiring this transformation and positioned WAVES 2025 as a historic milestone in India’s journey to global creative leadership.
Ambani concluded with a message of optimism, stating that in a divided and uncertain world, India’s stories and creative energy can provide hope, connection, and inspiration to audiences everywhere.
Sources: PIB, Economic Times, Business Standard, Indian Express, The Hindu Business Line, Exchange4Media
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