New Delhi: The media and entertainment industry, and over the top platform (OTT) in particular, will fuel economic growth and work in several years and the government encourages this trend by enabling the OTT platform to regulate itself, information and sports Minister Anurag Thakur said at the present KTT on Thursday.
Recognizing the exponential growth of the OTT platform, Thakur said the media industry and entertainment are projected to be worth 4 lakh crore at 2025 and that the OTT platform only has the potential to employ 80 lakh people.
With the expected investment worth 30,000 crore in the next three years, where 45% is likely to go through FDI, Thakur said India is also the 6th largest OTT market in the world, even though it is still in its newborn growth stage.
He did not agree with the “Over Sensor” claim by the government and said the OTT platform was allowed to regulate itself.
“There is a three-level mechanism for redressal complaints and 95% of the complaints they receive resolved with their own level,” he said.
Congratulations now Navbharat for the launch proposed on the effective standard definition platform 1 January next year, the I & B Union Minister Thakur said, “We all want Navbharat to be prosperous and strong.
In this case, the current role of Navbharat is also significant; to provide news What is accurate to the masses.
For this I congratulate you all.
“In his capacity as Minister of Sports, he said the government had taken several steps to improve training facilities for elite and upcoming athletes through initiatives such as Olympic Mission and Khelo India cells, and that Ministry Will, in the coming months, training modules are based for coaches and athletes to ensure that international best practices reach the maximum number of prospective sportspers.
Thakur also said the social media platform was a powerful tool to tell people, but condemned recent examples of Indian cricket players targeted at their social media.
“Social media for you to declare your point of view, but it doesn’t make an unpleasant statement about anyone.
Those who represent India make every effort for the country and it is really difficult to condemned when someone is targeted at their religion or poor performance,” He said.