The meet, "Jaddu Utsav", will be held at the Kashinath Ghanekar Auditorium in adjoining Thane district under the banner of Association of Illusionists and Magicians (AIM).
Over 250 magicians across the country as well as some from overseas will take part in the convention, Atul Patil, president of AIM, said.
Talking to PTI, Patil said, "Jaddu (magic) is actually an art. However, governments across the country have been shying away from according it the status of an art. This is why magic, which used to be most popular in the past, is losing its popularity very fast."
An art status for magic will enable governments to promote this form of entertainment, said Patil, who is in the profession for the last 29 years.
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Patil said shows from renowned magicians will form a part of the meet, where, he said, they will mesmerise the audience with their skills.
"We will have magic lectures and shows by renowned magicians," Patil said.
Explaining the reasons behind the "art of magic" losing its popularity, Patil said, "One major factor is that our fraternity is not united."
Besides, lack of innovative shows, below-average presentation, improper planning, lack of professional knowledge and poor monetary conditions of Indian magicians have also affected this profession, he said.
Patil suggested two quick steps to revive popularity of this form of entertainment which includes performing a set of magical tricks.
"Firstly, it should be accorded the status of an art and entertainment tax (on magic shows) should be reduced.
Disclaimer: No Business Standard Journalist was involved in creation of this content