New Delhi: Chief Minister of Maharahtra Devendra Fadnavis on Thursday said that Mumbai is going to host ‘WAVES summit’ from May 01- 04, says state government is “excited to witness discussions, innovations, and the strategic alliances that will define the future of the global media.
Speaking with the media Devendra Fadnavis said that the Summit will be inaugurated by Prime Minister Narendra from May 1 to May 4.”We will host the WAVES summit in Mumbai. The city that never sleeps.”
Fadnavis was speaking at a session on ‘WAVES 2025’ at Sushma Swaraj Bhawan in New Delhi.
Besides, Fadnavis, Union Ministers External Affairs Minister S Jaishankar, Minister of Railways Ashwini Vaishnaw, Minister of State L Murugan, and Ambassadors and High Commissioners of Foreign Missions were also present.
Fadnavis said that India has nearly 60 OTT platforms, surpassing Southeast Asian nations and developed markets like UK, Japan, South Korea and Australia.
“Investment in local entertainment, including scripted, unscripted and sports programming has been robust, reaching USD, 5.8 billion in 2023, ” CM Fadnavis said.
He also underlined the potential of India’s online video industry.
“Looking ahead, India’s online video industry alone has the potential to attract USD 17 billion in investments over the next five years, significantly boosting the country’s creative economy. This session offers an unparalleled opportunity for global media leaders to forge the partnership,” CM Fadnavis said.
“I must say that Mumbai is ready to host the world. We are excited to witness discussions, innovations, the strategic alliances that will define the future of global media landscape as we engage in this dialogue,” CM Fadnavis added.