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15% Growth In Halal Exports Expected

News From : DagangHalal.com (09 Feb 2012)

KUALA LUMPUR: The halal industry has targeted a 10%-15% growth in exports this year. Halal Industry Development Corp Sdn Bhd (HDC) vice-president, operations division, Mohd Raimee Mohd Tami said that with the 10%-15% increase, halal exports would amount to a total of RM30bil-RM33bil.

At a press conference yesterday to announce the Malaysia Halal Week 2012, he said the growth represented about 6% of Malaysia’s total exports which amounted to RM550bil.

He said the HDC considered the RM30bil-RM33bil in halal exports to be attainable.

Exports in the halal market recorded RM22.6bil up to the third quarter last year, 17.7% higher than that of 2010. It is forecast that the total halal exports under the halal market for last year would be RM30bil.

Dr Wong (left), Mohd Raimee and World Halal Forum founding director
Jumaatun Azmi at the official announcement of Malaysia
Halal Week 2012 at Menara Matrade in Kuala Lumpur.

HDC is now able to record accurate halal export figures due to the new data warehouse system implemented sometime last year.

Malaysia External Trade Development Corp (Matrade) chief executive officer Dr Wong Lai Sum said: “We are trying to promote intensive growth of the halal industry.”

On incentives, she said that “to help the halal industry, we are participating in more halal-related events. For example, we plan to have 47-50 companies supply halal food to the Middle East compared with only 30 companies 10 years ago.”

Wong said the halal industry did not just cater to the Muslim community.

“The performance of our halal exports last year to the Middle East and countries with a large number of Muslims has been quite good.”

Malaysian Halal Week 2012 will be held at the KL Convention Centre from April 2-7.

Credit: The Star Online

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