Ashwani Vaishnaw, Union Minister of Information and Broadcasting, announced on 13th July, 2024 that India will host ‘World Audio Visual and Entertainment Summit,’ a landmark event for the Media and Entertainment industry world over, in Goa, from 20th to 24th November, informed PIB.
Addressing the audience at the occasion Ashwini Vaishnaw said that, “the media and entertainment (M&E) world is undergoing a structural change and has seen immense technology infusion. This has, on one hand, opened many opportunities, but on the other, also caused concerns among few participants who have not been able to keep up with the change. The role of public policy today, in line with the vision of Prime Minister Shri Narendra Modi, is to enable the harnessing of the best out of this structural change.” He added that the Government is committed to support in coping with this change.
The Minister also stated that the Government is focused on creating employment and enhancing the field of media and entertainment sector. “This will be executed via both structural and procedural efforts,” stated the press release.
The efforts are aimed to create high quality content and protect IP rights and aid in recognising India as a natural choice for establishing content creation centres. He added that this endeavour will require closely coordinated efforts between the M&E industry, the financial sector and the world of technology.
The Minister thanked the Chief Minister of Goa for hosting WAVES 2024 alongside IFFI, ensuring the integration of both events. He further stated that WAVES and the International Film Festival of India (IFFI) are two integral parts of the same spectrum, with WAVES Summit representing the input and IFFI the output. He highlighted that this convergence will position Goa as a central hub for creativity and talent, strengthening its reputation for innovation and artistic expression.
Pramod Sawant, Chief Minister of Goa said WAVES will introduce a new dimension of industry collaboration by focusing on the emerging M&E sector and also enhance Goa’s status as a cultural hub and invited the M&E industry to join with a spirit of innovation and cooperation.
Dr. L. Murugan, Union Minister of State said that WAVES 2024 will bring to life the vision of Narendra Modi, PM, of bringing global leaders from the M&E industry to India. He added that the Summit will create a platform to encourage the skilled manpower of the country from the sector.
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Sanjay Jaju stated that the summit aims at creating a world class M&E summit,“The aim of the initiative is to bolster India’s soft power as India grows economically. The Summit is expected to set new benchmarks in creativity, innovation and influence.” He said that the summit will set to achieve the objectives of Fostering Innovation and Technological Advancement, Enhancing Global Competitiveness of our industry, Strengthening Industry Collaborations, Attract Investment, Promoting Skill Development, Encouraging Content Diversity and promotion of Sustainable Growth.
The Secretary informed about the opportunities that the summit will capitalise on and said that Content Production and Innovation, Animation, VFX, and Gaming and finally Music and Intellectual Property (IP) Creation will form its pivots.
“WAVES aims to be a premier forum, fostering dialogue, trade collaboration and innovation within the evolving M&E industry landscape. The Summit will convene industry leaders, stakeholders, and innovators to explore opportunities, tackle challenges, attract trade to India, and shape the sector’s future. With a vision to position India as an unparalleled global powerhouse in the dynamic M&E landscape, WAVES aims to set new standards of creativity, innovation, and influence worldwide. The mission is to empower global M&E leaders with exclusive investment opportunities through the premiere platform of WAVES,” stated the Ministry.
WAVES will be held from November 20th to 24th 2024, in Goa, India, promising to be a landmark event in the M&E industry calendar.
