10pc growth in halal exports
Halal Industry Development Corporation (HDC) is projecting a 10 per cent growth in Malaysia's halal exports this year to RM33 billion, or about six per cent of total exports.
For the third quarter last year, the corporation forecast RM22.6 billion in halal exports while in 2010, the halal export industry was about RM20 billion.
Despite the slowdown in global economy and the uprising in some Arab countries, the growth in demand is seen to have picked up from the Middle Eastern market.
"The HDC helped 1,000 firms tap into the halal market last year, this in turn helped to boost the halal export industry further," said HDC vice president of operations, Mohd Raimee Mohd Tami.
The projection is based on HDC's data warehouse system, which was initiated last year to specifically collect all halal statistics gathered from government agencies and industry players.
Speaking at a news conference yesterday to announce Malaysia Halal Week 2012, Mohd Raimee said the data warehouse system findings, which will be released soon this month, will provide better information on halal industry overview and outlook in Malaysia.
Prior to this, there were no statistics dedicated solely to gauge the growth, strength and weaknesses of the local halal industry.
Meanwhile, Malaysia Halal Week 2012 to be held here will showcase three major events in one week between April 2 and 7.
It will kick start with the 7th World Halal Forum (WHF) to discuss various issues and share advancements in halal industry.
According to the forum's founding director Jumaatun Azmi, this year's World Halal Forum will position the forum as a platform that will discuss consumers outlook, demand and trend, so regulators can see the halal products and services that customers want as well as the halal issues faced by consumers.
The Malaysia International Halal Showcase, to be held between April 4 and 7, will see the active participation of over 500 exhibitors. The exhibition expects to draw in some RM500 million in sales this year.
Another event, the World Halal Research Summit, will be held on April 4 and 5. The summit will deliberate the issues and advancements in halal research.
Source : The Star
Date : 7 February 2012
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