Information and Broadcasting Minister Ashwini Vaishnaw has said the WAVES summit will create new economic opportunities. Addressing the inaugural session of the first World Audio Visual Entertainment Summit (WAVES) 2025 at Jio World Convention Centre in Mumbai today, Mr Vaishnaw said, this Summit will provide a global platform to creators and provide them with exposure to new technology. The Minister said it will connect the creators to buyers and investors around the world. Mr Vaishnaw added that the Indian Institute of Creative Technology will be set up in Mumbai with a funding of 400 crore rupees. He said, WAVES and the Indian Institute of Creative Technology will further strengthen Mumbai’s role as a key centre in the global creative ecosystem.