Close Menu
PNN DigitalPNN Digital
    Facebook X (Twitter) Instagram
    PNN DigitalPNN Digital
    • Business
    • National
    • Entertainment
    • Lifestyle
    • Education
    • Press Release
    • Submit Your PR
    PNN DigitalPNN Digital
    Home - Business - Elevating India’s AR-VR Landscape – Wavelaps Partners with the Ministry of I and B for WAVES
    Business

    Elevating India’s AR-VR Landscape – Wavelaps Partners with the Ministry of I and B for WAVES

    SunilBy SunilOctober 30, 2024No Comments2 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email

    New Delhi [India] October 28: India has made long-standing contributions to human innovation, spanning centuries with groundbreaking developments in mathematics, medicine, and metallurgy. Despite this rich history, India’s technological leadership had diminished as global trends shifted towards the West.

    However, initiatives like the World Audio Visual And Entertainment Summit (WAVES) and the Create in India Challenge (CIC) are the next big leap, as the Honourable PM has consistently advocated for indigenous technological growth, as seen with the launch of initiatives like “Make in India” in 2014, and “Digital India” in 2015. These programs transformed the country’s digital landscape, setting the stage for subsequent initiatives such as “Startup India” and “Atmanirbhar Bharat,” which have further fuelled the expansion of India’s tech ecosystem. Today, India leads in various technological fields, including augmented reality (AR), virtual reality (VR), artificial intelligence (AI), and the audio-visual industry.

    WAVES is not just an event, but a movement that fosters innovation and strengthens India’s tech ecosystem. Wavelaps, a key partner in this initiative, is honoured to lead the charge in shaping the future of AR/VR in India through its thought leadership role in the XR Creator Hackathon. Both as mentor and strategic partner, Wavelaps is helping to nurture the next generation of talent and innovation. WAVES has elevated the visibility of immersive technology while empowering Wavelaps to grow and build connections that will strengthen both the company and India’s technological future.

    Mr. Ashutosh Kumar, CEO and Founder of Wavelaps and a passionate advocate for immersive technologies like Augmented Reality (AR) and Virtual Reality (VR), expressed his deepest gratitude to Prime Minister Modi for his visionary leadership and to the Ministry of Information and Broadcasting for the WAVES initiative.

    India’s audio-visual industry has flourished under Prime Minister Modi’s leadership, currently valued at $23 billion. The AR/VR sector is particularly promising, with a current valuation of $1.83 billion and an expected compound annual growth rate (CAGR) of 38.1% over the following five years. Experts predict that immersive technologies will create over 10 million jobs in India by 2030, and the XR Creator Hackathon will be crucial in catalyzing this growth by enabling young talent to create commercially viable solutions in fields like healthcare, education, media & entertainment, and e-commerce.

    If you have any objection to this press release content, kindly contact [email protected] to notify us. We will respond and rectify the situation in the next 24 hours.

    CEO and Founder of Wavelaps Mr. Ashutosh Kumar Wavelaps
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Sunil

      Related Posts

      Dr. Ashish Aneja – A Visionary in Diabetes Care and Public Health Awareness

      June 4, 2025

      NetTrace by WARX: The Simple Solution Saving India’s Movie Industry Billions

      June 4, 2025

      Over 550 players compete at Manav Rachna International School Sector14 in 45th FDBA Badminton Championship

      June 4, 2025
      Add A Comment

      Comments are closed.

      Recent Posts
      • Dr. Ashish Aneja – A Visionary in Diabetes Care and Public Health Awareness
      • NetTrace by WARX: The Simple Solution Saving India’s Movie Industry Billions
      • Over 550 players compete at Manav Rachna International School Sector14 in 45th FDBA Badminton Championship
      • Rotary District 3141 Presents the Grand Finale of TRF Events: 1 Million Dollar Style Night
      • From Sikar to Screens: How Piyush Agarwal Wove KCPC Bandhani into a Household Name

      Dr. Ashish Aneja – A Visionary in Diabetes Care and Public Health Awareness

      June 4, 2025

      NetTrace by WARX: The Simple Solution Saving India’s Movie Industry Billions

      June 4, 2025

      Over 550 players compete at Manav Rachna International School Sector14 in 45th FDBA Badminton Championship

      June 4, 2025

      Rotary District 3141 Presents the Grand Finale of TRF Events: 1 Million Dollar Style Night

      June 4, 2025

      From Sikar to Screens: How Piyush Agarwal Wove KCPC Bandhani into a Household Name

      June 4, 2025

      Transforming Futures: Aliff Parwazz 2025 Sets a New Benchmark in Global Education Outreach

      June 4, 2025
      PNN Digital
      2025 © pnn.digital

      Type above and press Enter to search. Press Esc to cancel.