Friday, October 5, 2012

Halal Industry Fund To Boost Halal Industry Growth For Export Market, Says SME Bank

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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