He 15th edition of the awards, which take place in a new country every year, are making their debut in the US. The award show will be held from April 23 to 26
Spacey, 54, will join Balan and other dignitaries from both film fraternities to share their insights on a variety of subjects relating to cinema.
"It has been our dream to be able to do this with the participation of Hollywood artists being featured within our events and this year as we debut in America we are proud to have achieved this with a masterclass that celebrates accomplished actors Kevin Spacey and Vidya Balan from the respective industries," Andre Timmins, Director, Wizcraft International & IIFA said in a statement.
The actor has a rich history in the theater world and has been the Artistic Director of the Old Vic Theater Company in London for the last decade.
He has also starred in the Broadway and West End productions of 'Long Day's Journey into Night' opposite mentor Jack Lemmon as well as the title role in the Sam Mendes production of 'Richard III'.