Source from (Bernama): http://www.bernama.com/bernama/v6/newsbusiness.php?id=699560
Published: October 05, 2012
KUALA LUMPUR, Oct 4 (Bernama) -- The RM200 million Halal Industry Fund
will play a part in stimulating halal industry growth for export market
purposes, SME Bank said today.
In a statement today, SME Bank said it will join hands with the Islamic Development Bank to provide the fund.
"The move is also expected to hasten the internationalisation of
competitive small and medium enterprises (SMEs) in the global arena," it
said.
On 2013 Budget, the bank said a huge challenge awaited small and medium
enterprise (SME) entrepreneurs in ensuring the production of
high-impact halal products.
"This simultaneously paves the way for access to the global market.
Although the allocation was expected to be much higher, the seed fund is
a good initiative by the government to enable the country to compete
with others such as Thailand in the world halal industry and further
pioneers the global halal hub industry," it said.
-- BERNAMA
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