The inaugural World Audio Visual & Entertainment Summit (WAVES 2025) concluded in Mumbai, marking a significant milestone in India’s creative economy. The summit witnessed the signing of Memorandums of Understanding (MoUs) worth over ₹1,328 crore, underscoring the nation’s growing influence in the global media and entertainment industry.
Key Highlights:
- Strategic Partnerships: MoUs valued at ₹1,500 crore each were signed with the University of York and the University of Western Australia, focusing on collaboration in creative and technological fields.
- State Government Initiatives: The Maharashtra government contributed to the summit’s success by signing MoUs worth ₹8,000 crore, including agreements with Prime Focus and Godrej, aiming to bolster the state’s position in the creative sector.
- Industry Engagement: The summit featured over 140 sessions with more than 100 international speakers, attracting participation from 1,000 creators, 300 companies, and 350 startups, reflecting the industry’s vibrant growth.
Key Takeaway: WAVES 2025 has positioned India as a burgeoning hub for the global creative economy, fostering international collaborations and attracting significant investments that promise to shape the future of media and entertainment.