The official ceremony took place on 6 April 2002, at the Genting Highlands, in Arena of Stars. During the ceremony, IIFA Awards were awarded in 29 competitive categories.
The IIFA Weekend started with a Press Meet. Attended by the stars, the event received extensive coverage from world media. The same evening saw the music launch of Kaante. The IIFA Karaoke Party gave film stars and high-profile guests a chance to let their hair down.
IIFA hosted the World Premiere of the film Aankhen at the Genting International Showroom. Malaysia witnessed the first ever IIFA Forum. The focus was on the emerging perspectives of Indian Cinema, the exchange of technology and talent. The speakers included Ashutosh Gowarikar, Karan Johar, Farhan Akhtar and Madhur Bhandarkar.