Inaugural ‘WAVES Bazaar' to see deals worth Rs 1,000 crore: Govt
Mumbai: The inaugural edition of 'WAVES Bazaar' was likely to see business transactions worth over Rs 1,000 crore, as deal-making was still underway, according to the government.
Organised under the umbrella of the World Audio Visual and Entertainment Summit (WAVES) here, the marketplace recorded business transactions exceeding Rs 800 crore across the Film, Music, Radio, VFX, and Animation sectors, said the Ministry of Information and Broadcasting in a statement.
The event concluded with resounding success, establishing itself as a premier platform for international business collaboration in the creative industries.
A key highlight of the Bazaar was the Buyer-Seller Market which witnessed over 3,000 B2B meetings, generating revenue upwards of Rs 500 crore, with additional deals expected to close in the coming days.
Curated screenings of films at the 80-seat venue drew enthusiastic responses and appreciation for the selected films. The Bazaar also helped emerging creators pitch their IPs to a global network of buyers and collaborators, generating significant interest and fostering new partnerships.
In a major achievement in international collaborations between India and New Zealand, Film India Screen Collective and Screen Canterbury NZ, led by Petrina D'Rozario, announced a collaborative proposal, inspired by WAVES, to launch the first-ever Indian Film Festival in New Zealand.
Paving the wave for an India-Russia collaboration, Only Much Louder (OML) CEO Tushar Kumar and Gazprom Media CEO Alexander Zharov have begun early talks on a potential Memorandum of Understanding to collaborate on cross-cultural festivals and co-produce comedy and music shows in Russia and India.
The announcement of the Prime Video and CJ ENM Multi-Year Collaboration was a key highlight of the Bazaar as the strategic partnership was unveiled to distribute premium Korean content globally.
With its launch expected in June 2025 with 'Head Over Heels', the deal includes streaming in over 240 countries, featuring 28 subtitle languages and 11 dubbed versions.
With its impactful debut, 'WAVES Bazaar' has not only positioned itself as a global hub for creative collaboration but also set the stage for a new era of cross-border storytelling and industry transformation, said the government.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
34 minutes ago
- Time of India
Diversification, policy reforms aid Odisha's industrial progress: CM
1 2 3 4 Bhubaneswar: Ahead of the BJP govt's one-year anniversary, chief minister Mohan Charan Majhi on Sunday said that Odisha is becoming a "diversified industrial powerhouse" and a top investment destination in the country by not just approving investments worth Rs 4.5 lakh crore but also successfully grounding projects worth Rs 1.78 lakh crore. "Odisha is no longer just a minerals and metals hub. We are becoming a diversified industrial powerhouse, where opportunity flows from port to plant, and from cities to every aspirational district," the CM said during a meeting with leading industrialists and entrepreneurs in the city. "We are not merely sanctioning projects; we are grounding them. We are not making promises; we are delivering results — at scale, with speed, and with purpose," Majhi said. Mapping the industrial growth story, he said, "In just one year, we approved over 200 large and mega projects. Odisha now stands for credibility, competitiveness and commitment to progress." The CM said industries are diversifying from minerals and metals to green energy, agro-processing, technical textiles and shipbuilding, with investments flowing into 20 sectors. He attributed the success to proactive policy push like outcome-based governance and a "whole-of-govt model" that emphasises seamless coordination between departments and agencies. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 오스템 임플란트 받아가세요 임플란터 더 알아보기 Undo Roadshows in Delhi, Mumbai and Singapore have pitched Odisha as a hub for chemical, electronics, capital goods and advanced manufacturing, while two major events, Pravasi Bharatiya Divas and Utkarsh Odisha — Make in Odisha Conclave-2025, attracted global attention and industrial giants expanding the state's economic footprint, Majhi said. Majhi also spoke about the ambitious vision for 'Samruddha Odisha' by 2036, aligning with the centenary celebration of formation of the state. He outlined four key priorities in the upcoming year, including the launch of new policies targeting emerging and sunrise sectors, expansion of land banks, logistics corridors and critical infrastructure. He emphasised revamping the single-window system with digital-first project tracking and simplification of regulatory compliances to speed up approvals and encourage entrepreneurship. To support industrial labour, the state is developing 13 workers' hostels and modernising seven industrial estates with plug-and-play infrastructure. Furthermore, 30 MSME parks and 8 new industrial areas have been initiated to empower small enterprises and entrepreneurs. Industries minister Sampad Chandra Swain, MSME minister Gokulananda Mallik, development commissioner Anu Garg, and senior officers, among others, attended the event.
India Today
an hour ago
- India Today
Wax statue of Sunita Williams in astronaut-style suit unveiled at Bengal's museum
A wax statue of astronaut Sunita Williams has been unveiled at the Susanta Ray Wax Museum in Asansol, West Bengal. The statue was officially inaugurated on Sunday by West Burdwan District Magistrate S Pannabalam and the state's Law and Labour Minister Malay the craftsmanship of artist Susanta Ray, the District Magistrate said, "Susanta Ray is not only the pride of this district but of the whole of Bengal. His wax art is of international standard. He is a priceless gem of Bengal."advertisementMinister Malay Ghatak said, "This artist has made a name for himself not only in Bengal but across India. I hope he becomes the best wax artist in the country." Sunita Williams, an American astronaut with ancestral roots in India, is celebrated for her extended stay aboard the International Space Station and for holding the record for one of the longest spacewalks by a about his inspiration, artist Susanta Ray said, "The idea to create Sunita Williams's statue came to me after she returned from space following a long nine months. She is the pride of our country. Her life story will inspire the new generation to explore science and space."The wax statue took nearly two months to complete, slightly longer than Roy's usual timeline of one and a half months per statue. The main challenge, he said, was obtaining the astronaut-style suit, which was sourced from the United States at a cost of Rs 10,000, with assistance from the director of the Jaipur Wax statue has been crafted to mirror Sunita Williams's actual height, facial features, and body posture. Her vibrant space uniform, accurately replicated, has already captivated audiences. Since the unveiling, the museum has seen a surge of visitors, with people of all ages taking selfies and sharing videos on social media. Visitors were particularly struck by the statue's striking resemblance and Sunita's smiling Susanta Ray Wax Museum currently houses over a hundred wax figures, including representations of Shah Rukh Khan, Sushant Singh Rajput, Virat Kohli, Mahatma Gandhi, and Amitabh Bachchan. The museum also features a mirrored gallery named 'Sheesh Mahal', which enhances the visitor experience with creative light Watch
Time of India
an hour ago
- Time of India
Delhi to get 3 new water treatment plants, additional supply of 235 MGD
New Delhi: To address the growing water demand of its expanding population, Delhi will see the construction of three new water treatment plants, senior officials of (DJB) have said. Tired of too many ads? go ad free now These facilities will be located at Iradat Nagar, near Narela, Najafgarh in south-west Delhi, and Chhatarpur in south Delhi. Collectively, the new plants are expected to supply an additional 235 million gallons per day (MGD) of treated water to the capital. The Iradat Nagar and Chhatarpur plants will each have a capacity of 80 MGD, while the Najafgarh plant will have a capacity of 75 MGD. There are also proposals to source water for these plants from dams in Himachal Pradesh and Uttarakhand. Officials said a dam proposed on the Giri River in Himachal Pradesh is expected to supply 275 MGD of water to the capital. DJB has already provided Rs 214.84 crore to the Himachal Pradesh Power Corporation Limited (HPPCL) for the project. Similarly, DJB has also made financial commitments toward other proposed dams: Rs 8.1 crore for the Kishau Dam on the Tons River in Uttarakhand and Rs 7.7 crore for the Lakhwar Vyasi Dam on the Yamuna River, also in Uttarakhand. According to DJB officials, the city's current population exceeds 2.5 crore. Based on the standard requirement of 50 litres per person per day, Delhi requires about 1,250 MGD of water. However, the current supply falls short at around 990 MGD. At present, the city's nine water treatment plants together supply approximately 1,000 MGD. The new projects are part of a broader effort to bridge the supply gap and ensure consistent water availability amid rising demand. Tired of too many ads? go ad free now In recent years, several areas in Delhi have faced disruptions in water supply due to elevated ammonia levels in the Yamuna River, which hindered the operations of existing treatment plants. These ammonia surges resulted in periodic supply cuts, leaving some localities with little or no water. Last winter, the Wazirabad water treatment plant operated at half capacity due to contamination, while output from the Chandrawal plant was cut by 10%. The Haiderpur, Bawana, and Dwarka facilities also experienced reductions ranging between 5% and 10%, impacting large parts of the city. DJB's 2023 Economic Survey noted only a marginal increase in the capacity of the city's water treatment plants—from 943 MGD in 2022 to 946 MGD in 2023, a rise of just 0.31%. Despite supply challenges, Delhi govt continues to provide up to 20 kilolitres of free water monthly to households with metered water connections. To further strengthen the infrastructure, Delhi Jal Board will undertake a new Rs 300-crore project to lay an 11-kilometre pipeline. This initiative aims to mitigate intermittent water supply issues stemming from high ammonia levels in the Yamuna. The planned conduit will run from the Haiderpur Water Treatment Plant to the Wazirabad barrage, with work underway on detailed specifications and cost estimates.
