In a strategic initiative to foster collaboration and strengthen cross-functional synergy in the global hospitality industry, the Hospitality Financial and Technology Professionals (HFTP) India chapter and the Hospitality Purchasing Managers’ Forum (HPMF) have signed a Memorandum of Understanding (MoU) to drive innovation, sustainability, and professional development in hospitality procurement, finance, and technology. The MoU was officially signed by Ravin Kumar Jhaala, Founding Director of HFTP India, and Sunil Kuttan, Project Lead – Future Vision and Legacy, HPMF, in the presence of fellow members of the respective organisations.
Speaking on the occasion, Ravin Kumar Jhaala stated, “This collaboration is a step towards a smarter, more connected hospitality ecosystem. With HPMF’s deep procurement expertise and HFTP’s leadership in technology and finance, we are poised to create impactful industry change.”
Sunil Kuttan emphasised that technology is key to enhancing efficiency in supply chain / procurement function. With the growing presence of AI, it is vital for procurement professionals to stay updated on the latest technological developments and incorporate them into their processes for optimisation. “This MoU not only aligns with HPMF’s vision of creating a strong legacy centred around knowledge sharing, innovation, and forward-thinking, but also provides a platform for the procurement community to engage with technology experts. Together with HFTP, we aim to empower professionals and drive meaningful progress across our domains,” Kuttan added.
The key objectives of the MoU:
• Joint organisation of training programmes, webinars, and workshops
• Sharing of research, whitepapers, and case studies
• Advocating for technology integration in procurement and financial workflows
• Promoting sustainable and ethical sourcing practices
• Encouraging cross-functional learning and development opportunities.
This partnership is set to benefit thousands of professionals in the hospitality sector and promote excellence through integrated, future-ready initiatives.
