PRESS RELEASE

Media & Entertainment Industry poised to the touch $70 Bn by 2030: Mr Anurag Singh Thakur

Chennai, twentieth April 2023:

“The Ministry has set a target of the media and entertainment industry touching $70 Bn by 2030 from the current $30 Bn. Digital technologies especially OTT and digital advertising have a role to play and contribute 2/3rd towards this growth” stated Mr Anurag Singh Thakur, Hon’ble Minister for Information and Broadcasting and Youth Affairs & Sports, Government of India whereas delivering his Keynote Address on the Valedictory Session of CII Dakshin 2023 – South India Media & Entertainment Summit organized by the Confederation of Indian Industry (CII) Southern Region right here as we speak.

“We are the largest movie makers in the world. It was the film industry that came forward at the time of the pandemic and entertained everyone” he added.
“On one hand we have challenges and opportunities and the other hand how to skill more and more people and get them to work in the industry to produce movies of international standards,” he additional added.

“I further take this opportunity to invite partners from the industry to join hands with us and undertake skill development initiatives across the country,” he talked about as part of his speech.

Mr Dhanush, Actor, Producer & Director was honoured as Youth Icon by the Hon’ble Minister. He stated, “I had never thought I would come this far and bag the Youth Icon honour. There is so much to achieve, to dream and to conquer”.

Mr T G Thyagarajan, Chairman, CII Dakshin 2023 & Managing Partner, Sathya Jyothi Films stated, “The support of the Ministry has been immense for showcasing Indian films on a global level. This edition saw 80 speakers, 1000 delegates from South India, other parts of India and globally too representing the whole spectrum of the film industry,”.

Mr Kamal Bali, Chairman, CII Southern Region, President & Managing Director, Volvo Group India appealed to the Government to look into the GST and native physique taxes that the movie business is at the moment being taxed with and to present the business standing tag which has been a requirement for a lot of many years,”.

Mr Chiranjeevi, Actor & Producer was honoured because the Icon of the yr. Ms Suhasini Maniratnam, Member, CII Dakshin Steering Committee acquired the honour on behalf of Mr Chiranjeevi.

Mr Ravi Kottarakara, President, South Indian Film Chamber of Commerce in his particular deal with highlighted the Cinematographers Act being handed by the Rajya Sabha as a significant victory for the business,”.

“The request for the Act was presented to the Ministry during the first edition of Dakshin 2022. This year, it has become a reality,” stated Mr R Ok Selvamani, President, FEFSI & Directors Union.

Ms Khushbu Sundar, Member, CII Dakshin 2023 Steering Committee delivered the vote of thanks thanking the Information & Broadcasting Ministry for supporting the media and leisure business continuously and making India a very world chief within the subject of cinema.