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World Audio Visual Entertainment Summit (WAVES)

World Audio Visual Entertainment Summit (WAVES)

For Prelims: About WAVES, About WAVES-India

 

Why in the news?                                                                                                                                                                                                                                      Recently, the Prime Minister has said that India will host the World Audio Visual Entertainment Summit (WAVES) for the first time in February, 2025.

About WAVES:

  • WAVES would be the first-ever global summit covering the entire gamut of the Media and Entertainment industry.
  • The event will bring together industry leaders, stakeholders, and innovators to discuss prospects, challenges, promote trade to India, and influence the sector's future.
  • The Summit will also highlight India's advancements in animation, gaming, entertainment technology and regional and mainstream cinema.

About WAVES-India:

  • Vision: To position India as an unparalleled global powerhouse in the dynamic Media & Entertainment landscape while setting new standards of creativity, innovation, and influence worldwide.
  • Mission: Empowering global Media & Entertainment leaders with exclusive investment opportunities through the premiere platform of WAVES.

Objectives:

  • Position WAVES as a platform to provoke ideas, fuel conversations, facilitate knowledge exchange and engage in meaningful collaborations with M&E industry leaders from across the globe.
  • To drive the country's Creative Economy through IP Creation for India & for the World.
  • To position India as a business-friendly investment destination.
  • To develop India’s M&E infrastructure and build capacity of the industry to ensure skilled workforce for global needs.
  • To embrace and adapt to new trends, technology and transformations in the M&E landscape.

                                                                          Source: India Today

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