Accra:Strategic initiatives in the halal industry outlined in Budget 2027 are set to empower local micro, small, and medium enterprises (MSMEs) to expand into global markets.
According to BERNAMA News Agency, Halal Development Corporation Berhad (HDC) Chairman Prof Dr Mohd Afandi Salleh emphasized the importance of combining support for MSMEs with business capability development. This approach aims to ensure local companies not only secure halal certification but also grow and tap into opportunities within the global value chain.
Under Budget 2027, the government has introduced matching grants of up to RM5,000 for MSMEs applying for halal certification for the first time. Additionally, grants ranging from RM25,000 to RM34,000 are available to assist MSMEs in high-potential sectors, such as cosmetics and pharmaceuticals.
These initiatives are designed to help local businesses solidify their foundations, enhance product competitiveness, and seize growth opportunities in the halal industry. As an agency under the Ministry of Investment, Trade and Industry (MITI), HDC plays a pivotal role in developing the industry ecosystem through business capacity building, market access facilitation, business linkages, and enhancing industry competitiveness.
Furthermore, HDC collaborates with strategic partners like the Ministry of Rural and Regional Development (KKDW) to expand access to training, mentoring, and capacity building, particularly for Bumiputera entrepreneurs. This collaboration aims to sharpen their business competitiveness.
Prof Dr Mohd Afandi Salleh highlighted the significance of Halal Executive training in developing professional talent, which helps companies understand industry standards, streamline operations, and boost readiness for wider supply chain participation. HDC also aids local halal companies in building business readiness, strengthening product branding and packaging, and exploring collaborative opportunities with international markets.
He concluded that developing the halal industry requires an integrated approach that aligns government support with the needs of industry players. The goal is to produce competitive local halal companies capable of meeting market demand and achieving sustainable growth. HDC plans to continue working closely with MITI and other stakeholders to enhance the capabilities of local companies and increase their participation in the global halal market.