The 2 day event was inaugurated by the Union Minister of Food Processing Industries, Sh. Pashupati Kumar Paras.
The event witnessed participation from over 250 stakeholders, comprising of start-ups, senior executives from Food Processing companies, MSMEs, financial institutions, venture capitalists, and academia. Spanning over two days, the event consisted of three knowledge sessions, two pitching sessions, two panel discussions, networking sessions and an exhibition.
During the knowledge session on Start-up – overview and benefits, the participants were apprised about the role of Startup India, different programmes for mentorship and innovations under Startup India and how the initiative is helping to foster the start-up ecosystem in India.
During the other knowledge session on Food Regulations, the participants got a fair idea about various regulations, certifications and compliances in domestic, import and export of different food products as per FSSAI and EIC regulations.
Newer insights about different schemes under APEDA for promotion of export of fresh as well as processed food products were Business and Financial Modelling for Start-ups”, various tips were given to the start-ups on preparation of the business plan showing viability and sustainability in each aspect of the business, importance of free cash flow in financial planning in any business and proper cash flow management.
SUFALAM 2024 has served as a catalyst for transformative discussions, shaping the trajectory of the food processing industry towards innovation-driven growth, fostering collaborations among the start-ups and start-ups, Industry and Academia.
