ID :
173788
Thu, 04/07/2011 - 12:23
Auther :
Shortlink :
https://oananews.org//node/173788
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INVESTMENTS IN HALAL PARKS TO GROW 10 PCT ANNUALLY
KUALA LUMPUR, April 7 (Bernama) -- Malaysia's halal parks are expected to register 10 per cent growth in investments annually, both from local and international players, said Deputy Minister of International Trade and Industry, Mukhriz Mahathir.
He said year-to-date, about RM1 billion in investments has been received, increasing the overall total to RM4.67 billion. (US$1=RM3.02)
Currently, nine halal parks were already in operation with RM1.2 billion investments received last year, he said.
"We are confident of achieving the target. In fact, we have already achieved more than 10 per cent growth this year," he told reporters at World Halal Research Summit 2011 here Thursday.
Mukhriz said to halal parks were vital link in the halal supply chain and the government would implement traceability and tracking system in the parks and across various industry sectors.
"A pilot traceability system project with Labuan Corporation is already in place. Moving forward, there are plans to implement the system for some halal-related companies," he said.
He said Malaysia, among the top nations to develop halal standards for the pharmaceuticals, cosmetics and logistics industries, was now in the position to spearhead the development of the halal ingredients industry.
"We already have the expertise in pharmaceuticals, biotechnology and ingredients with research and development findings ready for commercialisation in these areas," he said.
He said there were opportunities for investments particularly in the production of vaccines, chemicals, flavours, seasonings, herbs and spices as well as emulsifiers and gelatin.
He said year-to-date, about RM1 billion in investments has been received, increasing the overall total to RM4.67 billion. (US$1=RM3.02)
Currently, nine halal parks were already in operation with RM1.2 billion investments received last year, he said.
"We are confident of achieving the target. In fact, we have already achieved more than 10 per cent growth this year," he told reporters at World Halal Research Summit 2011 here Thursday.
Mukhriz said to halal parks were vital link in the halal supply chain and the government would implement traceability and tracking system in the parks and across various industry sectors.
"A pilot traceability system project with Labuan Corporation is already in place. Moving forward, there are plans to implement the system for some halal-related companies," he said.
He said Malaysia, among the top nations to develop halal standards for the pharmaceuticals, cosmetics and logistics industries, was now in the position to spearhead the development of the halal ingredients industry.
"We already have the expertise in pharmaceuticals, biotechnology and ingredients with research and development findings ready for commercialisation in these areas," he said.
He said there were opportunities for investments particularly in the production of vaccines, chemicals, flavours, seasonings, herbs and spices as well as emulsifiers and gelatin.
