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Hindustan Times
02-05-2025
- Business
- Hindustan Times
Time to create in India, create for world: Modi
Inaugurating India's first four-day World Audio Visual & Entertainment Summit (WAVES) in Mumbai on Thursday, Prime Minister Narendra Modi said it marked the dawn of a new orange economy in India with content, creativity and culture serving as its three pillars. Orange economy is the global term for the creative sector, and spans films, television, gaming, design and fashion. The Prime Minister was addressing a gathering of over 5,000 people including film stars, content creators, media and entertainment industry stakeholders, foreign delegates and policymakers. A showcase of India's media and entertainment prowess, the WAVES summit, organised by the ministry of Information and Broadcasting and the government of Maharashtra, aims to unlock a $50 billion market by 2029, expanding the country's footprint in the global entertainment economy. It was time, said Modi for the world to 'Create in India.' He called upon India's young creators to drive the nation's orange economy forward. The government stands firmly behind creative professionals, supporting them through initiatives such as Skill India, Startup Support, policies for the AVGC Industry, and global platforms like WAVES, the prime minister said. 'WAVES will serve as a major platform where creativity meets coding, where software blends with storytelling, and art merges with augmented reality,' he said. He urged young creators to make the most of this opportunity and to dream big. The Prime Minister highlighted that artists, innovators, investors and policymakers from over 100 countries had come to Mumbai to lay the foundation for a global ecosystem of talent and creativity. 'WAVES is not merely an acronym but a wave representing culture, creativity, and universal connectivity', he said. The platform, he hoped, will serve as a bridge connecting Indian creators with global storytellers, animators with global visionaries, and transform gamers into global champions. He invited international investors and creators to embrace India as their content playground and explore the country's vast creative ecosystem. He also urged investors to invest not just in platforms, but also in people. In his 35-minute address to a packed hall at the Jio World Centre, Modi said there are growth opportunities in the live concert industry and vast potential in the global animation market, which currently stands at over $430 billion, and is projected to double in the next decade. He highlighted that this presents a significant opportunity for India's animation and graphics industry, urging stakeholders to leverage this expansion for greater international reach. Indian films have now reached viewers in over 100 countries and international audiences are watching Indian content with subtitles, signalling a deeper engagement with India's stories, Modi said. 'With a billion-plus population, India is also a land of a billion-plus stories…This treasure (of stories) is timeless, thought-provoking and truly global,' he said, adding that it is the right time for the world to 'Create In India.' Modi said that the first edition of the WAVES Summit has captured global attention thanks to the efforts of the summit's advisory board comprising top film stars and media and entertainment industry representatives. Reaffirming his belief in collective effort, he urged media and entertainment industry stakeholders to continue mentoring the WAVES platform in the future. He also announced the setting up of the WAVES Awards for art and creativity. He emphasized the need for sustained commitment to the idea behind WAVES, stating that the goal is to win the hearts of people across the world and inspire generations through creativity. The Prime Minister's address was preceded by a star-studded introduction to WAVES by a clutch of film celebrities, who are also members of the advisory body for the summit, including Shah Rukh Khan, Anupam Kher, Mohanlal and Hema Malini. The four-day Summit also features the WAVES Bazaar, a global e-marketplace with over 6,100 buyers, 5,200 sellers, and 2,100 projects. It aims to connect buyers and sellers locally and globally, ensuring wide-reaching networking and business opportunities. It is also hosting a Global Media Dialogue where ministers from 25 countries will participate. The Summit is being attended by people from 90 countries, with more than 10,000 delegates, 1,000 creators, 300+ companies, and 350+ startups.
Yahoo
01-05-2025
- Business
- Yahoo
AMLI Labs Launches Startup Support Program to Offer Equity-Based Compliance and Operational Support for Startups
Vancouver, British Columbia--(Newsfile Corp. - May 1, 2025) - AML Incubator, a leading compliance and regulatory advisory firm, has officially launched AMLI Labs - Startup Support, a new equity-for-services initiative designed to help startups and growth-stage companies build internal compliance departments without the burden of upfront capital. In a move that redefines its namesake mission, AML Incubator now offers hands-on, AML compliance, and operational readiness in exchange for equity — with flexible, case-by-case terms. AMLI Labs Introduces Founders First Full Compliance Service for Startups in Exchange for Company Equity. To view an enhanced version of this graphic, please visit: "Startups today face increasingly complex regulatory expectations at earlier stages than ever before," said Haik Kazarian, Head of Business Development at AML Incubator. "With AMLI Labs, we're extending real infrastructure to the founders who need it most — in the form of operational and AML compliance support that doesn't require writing a cheque." The Startup Support program provides end-to-end support for startup teams navigating regulatory risk, investor due diligence, and licensing obligations across multiple jurisdictions. It is specifically designed for: Fintech startups managing payments, wallets or any other financial activity Crypto and blockchain companies operating in high-risk environments Regtech ventures aiming to deliver compliance-first solutions in emerging markets Any startup — regardless of vertical — that is either required by regulators to implement AML/ATF controls or that seeks to proactively strengthen valuation, reduce long-term risk, and build internal infrastructure to deter money laundering and terrorist financing Under AMLI Labs, selected companies gain access to incorporation assistance, AML frameworks, internal controls, risk assessments, vendor onboarding, and regulatory strategy tailored to jurisdictions and regulators including (Canada) FINTRAC, (E.U.) MiCA, (UAE) ADGM, VARA, (USA) FINCEN, (Australia) AUSTRAC, and (Malta) MFSA. While every engagement is negotiated individually, the minimum commitment is typically one year and includes potential exit strategies that recoup AMLI's service value plus a risk premium. The launch comes at a pivotal moment as startups face rising pressure from global AML regulators and shifting compliance mandates such as Canada's RPAA reforms, the implementation of MiCA across Europe, the evolving BCSC and OSC registration landscape, and broader FATF scrutiny of digital asset businesses. AML Incubator believes its model is particularly timely for founders who are product- and growth-focused but lack the internal compliance capacity demanded by modern markets. AMLI Labs does not disclose client names. Participation is by application only and subject to AMLI's internal selection process. For more information or to apply, visit the program page: AML Incubator's full range of services: Explore Related Topics: Top FINTRAC Red Flags for Canadian MSBs in 2025 KYC in Crypto: What It Is and Why It Matters What Is an AML Risk Assessment? Understanding the 3 Stages of Money Laundering Guide to Fraud Scoring: What It Is and How It Works More Insights on Our Blog Media Contact:AML Incubator hello@ To view the source version of this press release, please visit
