India has formally invited Kenya
to the World Audio Visual Entertainment Summit happening in
Mumbai in May.
Following the invitation, ICT
and Digital Economy CS William
Kabogo noted that his ministry is
in the process of actualising programmes agreed on in the bilateral
MoU signed by Kenya and India in
December 2023.
Speaking during a meeting with
India High Commissioner Namgya
Khampa, the CS said Kenya and India are keen to tap into the rich culture, technological and innovation
prowess of the two countries, especially in the field of entertainment
and film industry where India has a
flourishing movie industry.
India is leveraging on its media
and entertainment success as its soft
power tool in expanding its global
influence. India’s entertainment industry, particularly Bollywood, plays
a significant role in its soft power,
showcasing Indian culture globally.
It does this through films, music
and other forms of media, fostering
cultural exchange and positive perceptions of the country
India, one of the largest and
most diversified content producers
globally, will host WAVES 2025 in
Mumbai.
According to India’s Ministry
of Information and Broadcasting,
the summit seeks to showcase the
country’s prowess in audio, visual
and entertainment while catalysing
the growth of the nation’s creative
economy.
It will involve the India Prime
Minister’s session with top global
CEOs, Global Media Dialogue Interaction of Ministers with key policymakers dealing with the media
and entertainment sector across the
globe, thought leaders engagements and conferences.
Among the notable
global CEOs expected to attend are
Theodore Sarandos (Netflix), Satya
Nadella (Microsoft), Sundar Pichai (
Alphabet Inc and Google), Ravi Ahuja (Sony Pictures) and Mike Hopkins,
head of Prime Video and Amazon.
There will also be a Waves Bazaar,
an industry-led global marketplace
for identifying business partners
for tie-ups as well as convergence
of buyers and sellers from different
countries.
India’s entertainment industry
spans films, television, OTT (Over
The Top) platforms, sports and news.
“From Bollywood’s iconic storytelling to the growing prominence
of Indian content across global digital platforms, India’s influence on
the world stage is undeniable,” the
ministry says in a statement.
India’s government says with
the country’s current market size
of $26.2 billion, it has more potential
to significantly increase its share.
“Technological advancements,
coupled with the rise of OTT platforms, have dramatically expanded
India’s reach, making Indian content accessible to global audiences
across 130 countries,” it says.
“Dubbing and subtitling capabilities have further helped export
Indian stories worldwide, with the
potential to fuel the next wave of
growth in Indian content creation.”
India ranks 30th with a score of
49.8 out of 100 in the Brand Finance
Global Soft Power Index 2025 released in February.
“This score firmly puts India in
the global conversation, with its
Familiarity and Overall Influence
rankings holding steady at 13th and
16th, respectively—a testament to its
presence in the world’s spotlight,”
Brand Finance said in a statement.
The highlight of the report was India’s cultural influence, which it
noted continues to grow, with the
country securing the 12th spot in the
Culture and Heritage pillar.
“Arts and entertainment are a
standout area, with India ranked
sixth in the world—reflecting its ever-expanding cultural exports, from
cinema to music to digital content.”
Against this backdrop, WAVES
2025 is poised to be a transformative
event for India’s media and entertainment landscape.
By embracing technological
advancements, fostering global partnerships and encouraging
innovation in content creation,
WAVES 2025 will propel India into
the next phase of its M&E industry
leadership.
This event will underscore India’s potential to not only
be a content powerhouse but also a
global thought leader in the media
and entertainment space.
The global media and entertainment industry, encompassing films,
TV, broadcasting, print, radio, advertising, animation, VFX, gaming, music and live events, reached revenue
of $2.32 trillion in 2022.
India is handling the event with
a “global leadership vision”, with
WAVES 2025 designed as a pivotal
platform for ideas, collaboration and
innovation within the media and entertainment industry.
“It will serve as a forum for India
to position itself as a global leader
in content creation, technology
integration, and creative industry
growth,” the event concept note
says.
The summit’s focus areas will
include positioning India as a global creative economy leader, act as a
platform for global partnerships and
help in developing a skilled workforce for the future.
“WAVES will showcase India’s
growing role in intellectual property
(IP) creation for both domestic and
global markets, leveraging the country’s wealth of talent and creativity.
This initiative will strengthen India’s
contribution to the global creative
economy, driving innovation and
new business opportunities,” the
concept note says in part.
With the ever-expanding influence of Indian content globally, it
adds, the summit will encourage industry collaborations, partnerships,
and investments.
“India is being positioned as a
business-friendly investment destination, offering modern infrastructure, a skilled workforce, and
a rapidly evolving ecosystem. One of
the core pillars of WAVES 2025 is the
emphasis on building the capacity
of India’s media and entertainment
infrastructure,” it says.
It adds that the summit will explore strategies for developing a future-ready workforce that can meet
global demands, including creating
training programmes, nurturing talent and adopting cutting-edge technology in broadcasting, animation,
gaming and digital media.
Pillars of focus will be broadcasting and infotainment: Animation,
visual effects, gaming, comics and
extended reality, digital media and
innovation and films.