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The annual International Indian Film Academy is one of the world's most-watched annual entertainment ceremonies, broadcast to nearly 500 million viewers in 110 countries. Image Credit: AFP

Bollywood’s version of the Oscars is going to Florida, and it marks the first time that the film event will be held in the United States.

Tampa officials announced on Friday that the International Indian Film Academy’s Weekend & Awards is expected to bring thousands of visitors to the area next June. Local officials say previous IIFA events have generated up to 24,000 room nights with a local economic impact exceeding $11 million (Dh40.3 million).

According to the IIFA, the awards have a worldwide viewership of approximately 600,000 people.

The term “Bollywood” is the nickname for the Mumbai-based Hindi film industry – but Indian cinema isn’t just comprised of the song-and-dance extravaganzas mostly produced there. Indian cinema has become the largest producer of films in the world. India produced nearly 1,500 films last year, according to accounting firm KPMG.

While they have been slow to catch on in the US outside major cities, Indian films have won audiences across the world.

The group’s selection of the US as the site for its 2014 awards could signal a push to gain English-speaking audiences. Indian directors also are eager to bring different kinds of films – not just the popular musicals – to a worldwide audience.

In an email, Corrada of Tampa Bay and Co. said the local Indian community was instrumental in winning the film awards bid.

“We have a very active, dedicated and supportive Indian community in Tampa Bay,” he said. “They have championed this bid from the beginning and of course, with all of our assets, we make the perfect host city.”

The IIFA is based in Mumbai, India. It presents the awards to honour achievements in Indian cinema.

The awards weekend takes place in a different city around the world each year. The 2013 event is being held this week in Macau and Tampa officials and local organisers of the 2014 event are attending this year’s festival.