ENA Economy 2025-05-01 15:11:01 <p><span style="font-size:14px"><strong>Mumbai, May 1 (KNN)</strong> Prime Minister Modi inaugurated WAVES 2025, Indias first World Audio Visual and Entertainment Summit, at the Jio World Centre in Mumbai.</span></p> <p><span style="font-size:14px">The four-day summit, operating under the tagline Connecting Creators, Connecting Countries, aims to establish India as a global center for media, entertainment, and digital innovation. </span></p> <p><span style="font-size:14px">The event brings together creators, startups, industry leaders, and policymakers from around the world to foster collaboration and innovation within the sector.</span></p> <p><span style="font-size:14px">WAVES integrates multiple domains including films, OTT platforms, gaming, comics, digital media, artificial intelligence, AVGC-XR, broadcasting, and emerging technologies. </span></p> <p><span style="font-size:14px">The initiative has ambitious economic goals, seeking to unlock a USD 50 billion market by 2029 and expand India's presence in the global entertainment economy.</span></p> <p><span style="font-size:14px">A significant component of WAVES 2025 is the Global Media Dialogue (GMD), which India is hosting for the first time with ministerial participation from 25 countries. </span></p> <p><span style="font-size:14px">This represents a milestone in India's engagement with the global media and entertainment community. </span></p> <p><span style="font-size:14px">Additionally, the summit features the WAVES Bazaar, an international e-marketplace connecting over 6,100 buyers with 5,200 sellers across 2,100 projects, designed to facilitate networking and business opportunities.</span></p> <p><span style="font-size:14px">The summit has drawn participation from more than 90 countries, with attendance exceeding 10,000 delegates, 1,000 creators, 300 companies, and 350 startups. </span></p> <p><span style="font-size:14px">The event's program encompasses 42 plenary sessions, 39 breakout sessions, and 32 masterclasses covering diverse sectors including broadcasting, infotainment, AVGC-XR, films, and digital media.</span></p> <p><em><strong><span style="font-size:14px">(KNN Bureau)</span></strong></em></p> 41934 https://knnindia.co.in/news/newsdetails/economy/waves-2025-kicked-off-in-mumbai-to-unlock-usd-50-bn-market-by-2029 2025-05-01 15:11:01 knnindia.co.in