Union IT Minister, Ashwini Vaishnaw (Photo: ANI)
The Ministry of Information Broadcasting will organise the first edition of the World Audio Visual & Entertainment Summit (WAVES) from November 20-24, 2024. The summit will be hosted in Goa in collaboration with the State Government of Goa.
Speaking with the reporters on Saturday, Union IT Minister, Ashwini Vaishnaw said, “The Media and Entertainment industry is a major source of employment, currently providing jobs to approximately 25 lakh people. In recent years, the industry has experienced significant structural changes, driven largely by advancements in technology. To address these changes and boost employment, WAVES is being organized in Goa. This global summit, held alongside the International Film Festival of India (IFFI), aims to create substantial job opportunities and will serve as a significant employment generator in the country.”
Welcoming the move made by the union government, Pramod Sawant, Chief Minister of Goa said, “I welcome the decision made by the Ministry. We have been hosting the IFFI for the last 20 years. We are committed to making the WAVES summit successful.
Meanwhile, the Union Minister also addressed the curtain raiser of the first edition of the World Audio Visual & Entertainment Summit (WAVES) 2024 in the national capital on Saturday.
According to the Ministry of Information and Broadcasting, the global Media & Entertainment (M&E) industry, covering Films, TV, Broadcast, Print, Radio, News, Advertising, Animation, VFX, Gaming & E-sports, Music, and LIVE events, reached a revenue of USD 2.32 trillion in 2022, showing significant growth. India’s market size is currently USD 26.2 billion but has the potential to expand its share of the global market.
“WAVES will emerge as a pivotal forum, fostering dialogue, trade collaboration, and innovation within the evolving M&E industry landscape. It will convene industry leaders, stakeholders, and innovators to explore opportunities, tackle challenges, attract trade to India, and shape the sector’s future,” As per a document by the Ministry.
Union Minister Ashwini Vaishnaw said many Russian companies are considering India as a base for…
US President Donald Trump has claimed that "monumental damage" was inflicted upon nuclear sites in…
Amid Iran's plan to close the Strait of Hormuz, one of the most strategically vital…
Israel's Permanent Representative to the United Nations, Danny Danon, hailed the recent US strikes on…
Russia's Ambassador to the United Nations, Vassily Nebenzia, sharply criticised the United States for its…
Iran's Ambassador to the United Nations, Amir Saeid Iravani, on Sunday accused Israel of sabotaging…
