Prime Minister Narendra Modi on Tuesday highlighted the vast potential of India’s concert economy, citing the success of recent high-profile concerts, such as Coldplay’s shows in Mumbai and Ahmedabad.
Addressing the Utkarsh Odisha – Make in Odisha Conclave 2025, PM Modi emphasised the opportunity to further boost tourism, create jobs, and enhance the global identity of India’s creative sector. The prime minister noted that top artists from around the world are being attracted to India. He urged both the state and private sectors to invest in infrastructure for the concert economy, underscoring its potential to generate revenue and employment.
“In a country with such a rich heritage in music, dance, and storytelling, with such a large pool of youth and a massive consumer base for concerts, there are vast opportunities for the concert economy. In the past decade, both the trend and demand for live events have grown. You must have seen the incredible images from the Coldplay concerts in Mumbai and Ahmedabad in recent days. This is proof of how much potential live concerts have in India,” PM Modi said.
The prime minister also announced that India will host the first-ever World Audio-Visual Summit next month, showcasing the country’s creative power on a global stage.
Emphasising the scale and speed at which specialised infrastructure is being built in India, PM Modi highlighted that it makes the country an attractive destination for investment.
“The dedicated freight corridor is connecting the East and West coastlines. Today, dozens of industrial cities are being built across the country, equipped with plug-and-play facilities. Odisha is also fostering similar possibilities. Thousands of crores of rupees are being invested in railway and highway network projects here. To reduce logistics costs for industries in Odisha, the government is connecting the state’s ports with industrial clusters. Alongside the existing ports, new ports are being developed, meaning Odisha is set to join the country’s top states in terms of the blue economy,” PM Modi said.
PM Modi also emphasised the need to create a strong supply and value chain within India, supporting MSMEs and start-ups, and investing in research and innovation to drive industrial growth.
“We need to create a strong supply and value chain within India, one that is minimally affected by global ups and downs. This is a major responsibility for both the government and the industry. Therefore, no matter which industry you belong to, it is important to support the related MSMEs, help them grow, and provide handholding. You should also support as many young start-ups as possible,” he said.
PM Modi added that no industry can grow without new technology, and in this context, research and innovation are essential.
“The government is building a vibrant ecosystem for research across the country, with a special fund created for this purpose. A special package has been announced for internships and skill development. The stronger and better India’s research ecosystem is, the more our industries will benefit directly,” he said.
