WAVES Summit Seven Global firms sign MoUs with Indian Institute of Creative Technology

Published on 03-May-2025 08:16 PM

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WAVES Summit: Seven Global Firms Sign MoUs with Indian Institute of Creative Technology

Introduction: In a historic event at the WAVES Summit in Mumbai, Ashwani Vaishnaw, the Information and Broadcasting Minister, highlighted India’s potential to become a global leader in the media sector. As part of this initiative, seven global firms—Google, Meta, Microsoft, Adobe, Unilever, Apple, and Amazon—are signing MoUs with the Indian Institute of Creative Technology (IICT) at the summit.

Background: The IICT is poised to serve as a national hub for animation, visual effects, gaming, and comics, bringing innovation globally. Its vision aligns with IIT and IIM goals, aiming to establish itself as a leading technical institution.

Signing MoUs: On the WAVES Summit, the seven firms sign MoUs with IICT in Mumbai, a project valued at 400 crore rupees, funded by India’s government. The partnership aims to enhance global media innovation, leveraging IICT’s expertise and knowledge.

IICT’s Vision: IICT is committed to becoming a national hub, aligning with IIT and IIM objectives. This move underscores its role in fostering creativity globally.

Impact on Global Media: The collaboration will strengthen India’s position as a tech hub, benefiting both the Indian and global media sectors by sharing knowledge and expertise.

Collaboration Between Companies and IIICT: IICT partners with companies to create a shared platform for innovation. This partnership is expected to foster growth across industries and inspire future initiatives.

Future Plans: The partnership will likely expand, potentially involving more MoUs and investments that support IICT’s journey of creating a thriving creative hub worldwide.

Conclusion: This collaboration marks a significant step toward India’s global leadership in media. By signing MoUs with seven global firms, the IICT aims to enhance innovation capabilities, contributing to both India and the world’s media landscape. As the WAVES Summit showcases, innovative collaboration leads to breakthroughs that reshape our world.

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