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3w ago

India's WAVES 2025 Showcases Orange Economy Vision with Major Investments

The summit, inaugurated by PM Modi, launches the Indian Institute of Creative Technology and secures YouTube's ₹850 crore pledge to boost India's creator economy.

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YouTube is going to invest ₹850 crores over the next two years in India.

Overview

  • Prime Minister Narendra Modi inaugurated WAVES 2025 in Mumbai, marking the start of India's 'orange economy' focused on content, creativity, and culture.
  • The Indian Institute of Creative Technology (IICT) was launched with ₹400 crore funding, aiming to be a national AVGC-XR hub with global tech collaborations.
  • YouTube CEO Neal Mohan announced a ₹850 crore investment to support India's growing creator economy over the next two years.
  • Maharashtra Chief Minister Devendra Fadnavis revealed plans for a 120-acre media city in Film City, dedicated to animation, gaming, and visual effects.
  • External Affairs Minister S. Jaishankar called for a cultural and tech-led global reset, emphasizing diversity and responsible technology at the Global Media Dialogue.