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GOVERNMENT OF INDIA
MINISTRY OF INFORMATION & BROADCASTING
RAJYA SABHA
UNSTARRED QUESTION NO.3294
TO BE ANSWERED ON 20.03.2026
PARTNERSHIPS WITH GLOBAL TECH COMPANIES TO SUPPORT NATIONAL CENTRE
OF EXCELLENCE
3294: DR. DINESH SHARMA
Will the Minister of INFORMATION AND BROADCASTING be pleased to state:
a) the key components and objectives of WAVES Bazaar as a global e-marketplace for the
film and animation sectors;
b) the manner in which the inclusion and international participation evolved in the recent
editions of the International Film Festival of India (IFFI);
c) whether the Ministry has established strategic partnerships with global technology
companies to support the National Centre of Excellence (NCOE) for Animation, Visual
Effects, Gaming, Comics and Extended Reality (AVGC-XR);
d) if so, the details thereof; and
e) the time when the Creative Minds of Tomorrow (CMOT) programme extended its support
to 100 young talents and the impact of this expansion?
ANSWER
MINISTER OF STATE FOR INFORMATION AND BROADCASTING AND
PARLIAMENTARY AFFAIRS.
(DR. L. MURUGAN)
(a) to (e)
WAVES Bazaar is a marketplace and engagement platform to promote India’s Media &
Entertainment (M&E) sector across films, animation, VFX, gaming, immersive media, music,
and digital content. Envisioned as a “craft-to-commerce” initiative, WAVES Bazaar enables
structured business discovery, market access, investment facilitation, and international
collaboration for Indian creators, studios, startups, and institutions.
The Government has established strategic partnerships with several global technology
companies to support the National Centre of Excellence (NCoE) for Animation, Visual Effects,
Gaming, Comics and Extended Reality (AVGC-XR) - the Indian Institute of Creative
Technologies (IICT).
The collaborations aim to support the IICT through curriculum development, skill development
programmes, internships, research and development support, startup incubation, scholarships
and industry mentorship, thereby strengthening the AVGC-XR ecosystem in the country.IFFI aims to be inclusive in terms of participation of countries, genres of films, styles of
production, thematic concerns and audience appeal. Over the last 3 years, the number of
countries from which films have been submitted to the festival has increased from 106 in 2023
to 127 in 2025. In the final line-up of films, international participation has increased from 79
countries in 2023 to 84 countries in 2025. Genres, styles and themes also have registered an
impressive rise in IFFI's film bouquet. The delegate fee is kept at low threshold of just ₹1000/-
for the entire length of the festival. All screening venues of the festival have been made
accessible for Divyangjan. In 56th IFFI, many films had closed captions and audio descriptions
for making it accessible.
The Creative Minds of Tomorrow (CMOT) was launched in 2021 during the International Film
Festival of India. It was to identify, recognize, and nurture young creative talent in the field of
filmmaking. The CMOT has expanded its support to 225 young talents in last two years.
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