Live Halal : Bangladesh Market of halal products
September 2, 2008 Halal Awareness, Halal Market 1 CommentMarket of halal products
A FOUR-DAY fair of Malaysian halal products was held recently in a city hotel for boosting business of halal products and strengthening the trade connections with Bangladesh. Malaysian Ministry of Entrepreneur Cooperative Development and EPIC TIPS, a company of Kuala Lumpur in collaboration with the Malaysian High Commission in Dhaka organised the fair. Some 30 small and medium enterprises and over 80 business communities from Malaysia participated in the fair with the main objective of expanding the platform of halal products for the business communities of the two brotherly Muslim countries. Proactive steps are to be taken in seizing this opportunity by widely introducing halal products with a view to meeting the growing global demand.
It is to be mentioned here that Malaysia as a Muslim country has already become the world’s ‘halal-hub’ and its various food products have become popular brand in many countries including Bangladesh because of quality and standard and, of course, with the confidence of its products being made as halal products. Malaysia will act as a catalyst, as Bangladeshi entrepreneurs can also do healthy networking with their Malaysian counterparts to further develop their own local halal market. Malaysia is well aware of the global halal market potential and Bangladesh’s highly untapped market where a big majority of consumers are Muslims.
The global trade in halal food - if products such as pharmaceuticals, cosmetics and other services are added in - the combined market value is believed well in excess of one trillion US dollars though the estimated market value of the halal food trade is now at US$ 580 billion. ‘The World Halal Forum’, held in Kuala Lumpur in the recent past, drew the prospect of the halal food industry saying it was expanding along with the Islamic faith, the world’s fastest-growing religion.
source : http://nation.ittefaq.com/issues/2008/09/02/news0443.htm
