We present a mesoscale field theory unifying the modeling of growth, elasticity, and dislocations in quasicrystals. The theory is based on the amplitudes entering their density-wave representation. We introduce a free energy functional for complex amplitudes and assume nonconserved dissipative dynamics to describe their evolution. Elasticity, including phononic and phasonic deformations, along with defect nucleation and motion, emerges self-consistently by prescribing only the symmetry of quasicrystals. Predictions on the formation of semicoherent interfaces and dislocation kinematics are given.