Deol will be felicitated with the South Asian Icon of the Year award, while Azmi will receive the South Asian Woman of the Year honour.
Akhtar, on the other hand, will be honoured with South Asian Literary award.
The 10-day festival, which begins from September 1, will showcase a total of 35 films from India, Sri Lanka, Nepal and Bangladesh.
"The Bait", a 2016 award-winning Bengali film based on a short story by Narayan Bandyopadhya, and Malayalam crime thriller "Pinneyum" (Once Again, 2016), which is directed by Adoor Gopalakrishnan, will be screened during the event.
Twenty-six films will be competing for the best feature film, best documentary film and best short film at the festival.
The films screening in competition include Marathi film "Lathe Joshi" (2016), a story of factory worker who is rendered jobless due to advances in technology, and Sri Lanka's "Withered Leaf" (2016), about a poor village woman's struggles after the sudden death of her husband.
"This event will hopefully become a significant cultural gateway in the years to come. Through the powerful medium of cinema, we hope to build closer ties between the global city of Singapore and the developing nations of South Asia," said Abhayanand Singh, festival director and founder of Muvizz.
"There are a lot of films that never reach us in Singapore. This festival will bring these films to Singapore and, at the same time, create a whole environment of creative and cultural exchange," he said.
Disclaimer: No Business Standard Journalist was involved in creation of this content
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