India to Host Inaugural of WAVES Summit alongside IFFI 2024

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