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Naatu Naatu lyricist Chandra Bose, RRR art director Sabu Cyril, and cinematographer K.K. Senthil Kumar have also been invited.
Directed by Mejbaur Rahman Sumon, Hawa revolves around a group of seasoned boatmen who find an unheard-of catch in the deep sea, a beautiful yet mysterious young woman.
Ms Bassett will be honoured along with Mel Brooks and Carol Littleton. In addition to this, the Sundance Institute's Michelle Satter will receive the Jean Hersholt Humanitarian Awards.
The Academy will be giving Angela Bassett an honorary Oscar Award.
The adventures of the blue aliens are silly from the outside, but when you're immersed in them, they're unforgettable.