India to Host Inaugural of WAVES Summit alongside IFFI 2024

The WAVES Summit, scheduled for November 20-24, 2024, aims to position India as a global leader in the media and entertainment sector.

Introduction of WAVES Summit

First World Audio Visual and Entertainment Summit (WAVES) to be held in Goa
Scheduled for November 20-24, 2024
Announced by Union Minister of Information and Broadcasting, Ashwani Vaishnaw
Goa Chief Minister Pramod Sawant and Union Minister of State for I&B, Dr. L. Murugan, present at announcement
Aims to position India as a global leader in media and entertainment sector

Objectives and Focus Areas of WAVES

Foster innovation and technological advancement in media and entertainment
Enhance global competitiveness of the Indian industry
Strengthen industry collaborations and attract investment
Promote skill development and content diversity
Encourage sustainable growth in the sector
Create ecosystem for high-quality content creation
Strengthen intellectual property rights protection
Explore low-cost funding options for the sector

Alignment with 55th International Film Festival of India (IFFI)

WAVES to be held alongside 55th IFFI in Goa
IFFI scheduled for November 20-28, 2024
Organized by National Film Development Corporation of India (NFDC)
Collaboration with Goa State Government and Indian Film Industry
IFFI held annually since 1975; Goa made permanent venue in 2014
Highlights India's position as largest producer of feature films globally

Government Initiatives and Vision

Commitment to support entire media and entertainment ecosystem
Focus on making India a global content creation hub
Efforts to create business-friendly environment and attract investments
Plans to strengthen IP rights protection in the sector
Emphasis on employment creation and talent pipeline augmentation
Exploration of low-cost funding models similar to venture capital
Addressing structural changes and technological infusion in the industry

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