The fusion of storytelling and digital technologies is again unique to IndiaIndia’s Media & Entertainment Industry Can Grow To Over $100 Bn In Next Decade. The growth will drive entrepreneurship, generate millions of jobs, and create a ripple effect across sectors: Chairman & Managing Director, Reliance Industries
FinTech BizNews Service
Mumbai, May 1, 2025: Mukesh D. Ambani, Chairman and Managing Director, Reliance Industries Limited, spoke at the inaugural session of WAVES 2025, being organized at Jio World Center, Mumbai. Following is the transcript of the speech delivered by Shri Mukesh D. Ambani:
Most Respected Prime Minister Shri Narendra Modi ji
Honourable Minister Shri Ashwini Vaishnaw ji,
Honourable Chief Minister of Maharashtra Shri Devendra Fadnavis ji
Honourable Ministers and dignitaries from across the world,
Leaders and creators from the global entertainment community,
Ladies and gentlemen,
Namaste.
It fills my heart with immense joy, pride, and gratitude to welcome all of you to this truly special occasion — a grand celebration of creativity and the power of ideas that move the world.
Respected Prime Minister Modi
We are truly blessed and deeply honoured by your presence today.
We know your extraordinary responsibilities — particularly after the recent barbaric terror attack in Pahalgam.
Therefore, your coming here sends a strong message.
A message of hope, unity, and unshakable resolve.
All of us gathered here offer our heartfelt condolences to the families of the victims.
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.
India’s victory is also certain.
Esteemed Friends,
I'd like to share four thoughts today.
First.
Prime Minister Modi ji gave his green signal for this summit just a few months ago.
His mandate to Team India was simple:
WAVES to be a global hub of innovation, culture, and collaboration and thereby amplifying India’s voice on the world stage."
His vision is now a reality.
We have representatives from 90 countries.
And 10,000 delegates here today.
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.
Let’s give a big hand to the leadership of Shri Ashwini Vaishnav ji and his fabulous team who have put this summit together.
Second.
India’s entertainment and cultural industry is not just soft power — it is real power.
In an increasingly turbulent and uncertain world, our stories give the hope of a better future with their power to unite, inspire, and enrich.
In our civilizational heritage of over 5,000 years, we have vast treasure troves of timeless tales — from the Ramayana and Mahabharata to folklore and classics in dozens of languages.
They touch people’s hearts around the world because they celebrate universal human values ─ brotherhood, compassion, courage, love, beauty, and care for nature.
No nation can match India’s storytelling power.
Therefore, with great confidence and creativity, let us take our stories globally to heal a divided world.
Third.
Our ancient nation is currently experiencing unprecedented rejuvenation with the power of modern technologies.
Under Modi ji’s visionary leadership, India has become a front-ranking digital nation.
The fusion of storytelling and digital technologies is again unique to India.
It has multiplied the impact and reach of entertainment and cultural e 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, I am confident that India’s super-talented young creators will rule the global entertainment industry with blockbusters.
Fourth.
This is not just a cultural or creative opportunity — it is a strategic and economic opportunity as well.
India’s media and entertainment industry is today valued at $28 billion.
It can grow to over $100 billion in the next decade.
This growth will drive entrepreneurship, generate millions of jobs, and create a ripple effect across sectors.
Prime Minister Modi ji,
Your inspiration is our strength.
Today we solemnly assure you that we will make WAVES the world’s foremost entertainment platform — one with an Indian soul and a global voice.
By forging deep partnerships with the best minds and studios from every corner of the world, we will grow this summit year after year.
WAVES will become the gathering place of dreamers, makers, and changemakers.
This is just the beginning.
The best is yet to come.
Let the stories flow. Let the waves rise.
Thank you. Jai Hind.
