Explanation:

- The Department of Industrial Policy and Promotion (DIPP) is part of India's Ministry of Commerce and Industry.

- The Global Digital Content Market (GDCM) conference is a significant event for discussing trends in digital content.

- This conference aims to bring together stakeholders from various sectors to discuss the global digital content landscape and policy interventions.

- Option 1: New Delhi is the political and administrative capital of India; a hub for major national and international conferences.

- Option 2: Bengaluru is known as the tech capital but was not the host city for GDCM 2018.

- Option 3: Mumbai is India's financial capital but did not host this event.

- Option 4: Kolkata, a historic city, was not the venue for the GDCM 2018 either.

- Option 5: Chennai is a major city in South India but was not associated with this conference.

The correct answer is Option 1: New Delhi.

.