India is set to host the inaugural World Audio Visual and Entertainment Summit (WAVES) in Goa from November 20-24, coinciding with the International Film Festival of India.
Information and Broadcasting Minister Ashwini Vaishnaw and Goa Chief Minister Pramod Sawant announced the event, which aims to strengthen the intellectual property rights ecosystem in the media and entertainment sector. According to Vaishnaw, WAVES is a visionary initiative by Prime Minister Narendra Modi to propel India's growth in the media and entertainment industry.
The summit promises to be a significant platform for stakeholders to converge and explore opportunities in the sector.
"IP rights hold huge value in the media and entertainment sector. We will be strengthening the ecosystem for protecting IP rights," Vaishnaw, the Information and Broadcasting Minister, said in his address at the curtain raiser event for WAVES.
Vaishnaw said the government was also exploring ways to make available low-cost funds to the media and entertainment sector with learnings from the venture capital model.
Sawant said WAVES will add a new dimension for industry collaboration, networking, and growth in the media and entertainment sector. He said the sector had produced 3,000 hours of content for the OTT platforms in 2023 itself.
The International Film Festival of India will be held from November 20-28 in Goa, Sawant said.
The media and entertainment sector is pegged at USD 27.5 billion in India and the government seeks to position WAVES as a platform to evoke ideas, fuel conversations, facilitate knowledge exchange, and engage in meaningful collaborations with industry leaders from across the world.
It also seeks to present India as a business-friendly country and an investment destination for the sector.
I&B Secretary Sanjay Jaju said the WAVES event would seek to position India as a global leader in the media and entertainment sector.
Follow us
