Chennai: Union minister for info & broadcasting Anurag Singh Thakur on Thursday stated the centre would attempt for the expansion of the media and leisure sector to greater than double its market measurement from the present $30 billion to $70 billion by 2030.
Delivering his speech on the valedictory session of Dakshin 2023 – South India Media and Entertainment Summit organised by the CII Southern Region right here, he stated, the brand new Cinematograph Act 2023, which goals to curb piracy, shall be handed in each homes of the Parliament by the tip of August this yr. “Piracy is a huge problem globally and locally, as well. There is an estimate that the media and entertainment sector alone has suffered losses to the tune of $2.3 billion annually,” he stated.
Stressing that the data and broadcasting ministry continues to undertake efforts for the expansion of the media and leisure sector to achieve the goal of $70 billion by 2030, he stated, “Digital technologies, especially gaming, OTT and digital advertising alone have a critical role to play as they are drivers, contributing two-third of this growth.”
Thakur additional stated, India is the biggest movie producer on this planet and it ought to develop into the hub of worldwide movie manufacturing.
Earlier, Kamal Bali, chairman, CII southern area stated, the movie sector should be recogonised with business standing. Ravi Kottarakara, president, South Indian Film Chamber of Commerce stated, steps should be taken to extend the density of screens within the nation and Indian movies coming into into new markets in numerous elements of the world.