New Delhi, May 11: Information and Broadcasting Minister Smriti Irani on Thursday said that time has come to put laws, ethics and rules into place which will help in balancing the media industry so that one dominant player cannot rule the roost.
Inaugurating the 15th Asia Media Summit (AMS) 2018 here , the Minister stressed on the need to generate revenue and the importance of retaining talent in the media industry.
Delivering the inaugural address at the Summit , Ms Irani said, ‘India will have around 969 million internet users by 2021 and Indian media industry looks upon the digital world not only as a challenge but also as an opportunity. How do we attract, retain and develop talent which frees good content from the trappings of revenue needs and brings about a balance in media institutions.’
Giving a perspective of the expanding Indian media industry, Ms Irani said, “India is the fastest growing advertising market expected to touch 10.59 billion US Dollars by the end of 2018 and the mobile spend is estimated to grow to 1.55 billion US Dollars in the year 2018.
‘We have a vibrant media industry which has a direct established impact of Rs 1.35 lakh crore and indirect and induced benefits of Rs 4.5 lakh crore, with close to 4 million people associated with it.”
The Minister expressed hope that the Asia Media Summit will throw up new ideas so that ‘we can look at pathways to strengthen media institutions for a better mankind’.
Addressing the inaugural session, Minister of Information from Bangladesh Hasanul Haq Inu, outlined six complex challenges the world faces today, namely – poverty, gender disparity, terrorism, ICT revolution, climate change and uneven globalisation.
Expressing concern at cyber crimes, he stressed upon the need to fight a war against cybercriminals to keep the media safe and expanding.
Minister of Information from Cambodia, Khieu Kanharith, said , “We are trying to improve the state of the press in Cambodia, we seek to maintain strong relationships with the fourth estate.”
Mr Shigeru Aoyagi, Director, UNESCO, New Delhi Office talked about the role of media in creating peace and partnership on the planet. Quoting from the UNESCO constitution – ‘Since the war is created in the minds of men, we have to build peace in the minds of men’, Mr. Aoyagi called upon the media to tell stories responsibly and in a very constructive way.
Dr Abbas Naseri Taheri, Director General, International Department and Advisor to President, IRIB, Iran emphasised the need for innovatively using social stories in the Asian cultures to create a bond between the past and the present.
Ms Amina J Mohammed, Deputy Secretary General, UN spoke via a video message and asked to bridge digital divide in the world so that everyone in the community is able to participate meaningfully. She also highlighted media’s role in building a sustainable planet.
Mr Sam Seog Ko, Commissioner, Korea Communications Commission said that media has an important role to play in today’s world and it should be used to make a better world.
