Mukesh Ambani, Chairman and Managing Director of Reliance Industries Limited, stated on Thursday that India is at the forefront of the technological transformation in the media and entertainment sector, emphasising that the nation's gowing economy positions it to become a leading global market in this industry.

Speaking at the World Audio Visual and Entertainment Summit (WAVES) 2025, which was inaugurated today at the Jio World Convention Centre in Mumbai, Mukesh Ambani said, India is now among the most populous nations; soon our economy will become the third largest globally. This will lead India to the leading media and entertainment market.

"1.4 billion creators and consumers at the average age of 29. This is not just a statistic; it's a profile of a demographic, economic and creative superpower. India's third advantage is technology. India is not following the technological revolution in media and entertainment; India is actually leading it. Indian VFX is now powering Hollywood blockbusters. We produce several million hours of content every year. Films, TV series, music, sports, short-form and long-form light and immersive content. We are multilingual, multi-format and multi-platform by design," he added.

He stressed that the 1.2 billion mobile phones in India potentially have 1.2 billion screens on which users can access entertainment and even share user-generated content, highlighting Jio's role in making high-speed internet affordable.

"The 1.2 billion mobile phones in India are potentially 1.2 billion screens on which users can access entertainment and even share user-generated content. With all humility, I can say that Jio has made a leading contribution to India's digital and entertainment revolution by making high-speed internet affordable and available to all," he added.