In News:

India to Host World Audio Visual & Entertainment Summit (WAVES) 2025.

Key Highlights:

• Purpose: The summit aims to bolster India's media and entertainment (M&E) industry, expand its global influence, and foster innovation and collaboration within the sector.
• Significance: First-ever global summit to cover the entire media and entertainment industry spectrum.
• Objective:
  • Foster Dialogue and Trade: WAVES aims to be a premier platform for industry leaders, stakeholders, and innovators to engage in meaningful discussions, explore opportunities, and tackle challenges in the M&E sector.
  • Promote India's M&E Industry: Attract trade and investment to India, highlighting its strengths in animation, gaming, entertainment technology, and cinema (both regional and mainstream).

• Focus Areas:
  • Industry Advancements: Discussions will revolve around India’s progress in animation, visual effects, gaming, and cinema.
  • Global Positioning: Establish India as a global powerhouse in the M&E sector, setting new standards for creativity, innovation, and global influence.

WAVES India - Vision and Mission:

• Vision: Position India as a Global Powerhouse: Enhance India’s standing in the dynamic M&E sector, making it a hub of creativity and innovation worldwide.
• Mission:
  • Provide exclusive investment opportunities for global M&E leaders through WAVES.
  • Drive India’s Creative Economy through Intellectual Property (IP) Creation for both domestic and international markets.
  • Develop M&E Infrastructure: Strengthen industry infrastructure and create a skilled workforce to meet global demands.
  • Adapt to New Trends: Embrace emerging technologies and transformations in the M&E landscape.

Expected Outcomes:

• Global Collaboration: Engage global M&E leaders in discussions that provoke ideas and facilitate collaborations.
• Attract Investment: Promote India as a business-friendly investment destination in the M&E sector.
• Skills and Capacity Building: Build capacity in the M&E industry and develop skilled human resources to support international needs.