KUALA LUMPUR – Halal Development Corporation Berhad (HDC) successfully organized the Halal Sector Forum 2023, an event aimed at fostering the development of the Malaysia’s Halal industry. In conjunction with the Global Halal Summit 2023 (GHaS 2023), the forum gathered over 500 delegates, participating in diverse range of sessions that encompass inspiring keynotes, insightful panel discussions, and interactive networking.
Under the theme “Resiliency of Halal Sectors Towards National Socio-Economy,” the two-days forum attracted representatives from various ministries, agencies, embassies, industry leaders, academia, research institutes, Halal industry practitioners, and Islamic financial institutions. Envision absorbing fresh ideas and cutting-edge innovations straight from the minds of influential halal experts and policymakers.
The forum initiated off with the keynote speech by YAB Dato’ Seri Dr. Ahmad Zahid Hamidi, Deputy Prime Minister emphasizing to increase awareness of the importance, trends, opportunities and success factors within the food and beverages, healthcare, and lifestyle industry. It’s not just about discussing halal trends, it’s about catalysing the momentum of the Halal industry, shaping its ecosystem to unparalleled success.
This is part of the Government’s effort to enhance growth and develop high value halal-related activities to ensure that Malaysia Halal Industry to be significant. We’re reaching new heights, diversifying our products, and connecting with markets around the world. We are seriously unlocking the potential of this trillion-dollar industry.
HDC Chairman, Mr. Khairul Azwan Harun, will also deliver the special remarks on September 14, 2023. His speech will focus on HDC’s goal of implementing advanced technologies by establishing integrated domestic halal management systems. Furthermore, it seeks to promote innovative problem-solving strategies and to take a comprehensive, cross-national approach to policymaking. This approach prioritizes policy advocacy for halal compliance, as well as trade, investment, employment, and innovations that improve capabilities across various sectors.
The forum’s discussions covered crucial issues such as upholding global Environmental, Social, and Governance (ESG) principles for business opportunities and investments, the interplay between innovation and commercialization, the development of raw materials for pharmaceuticals, the importance of co-branding, and fostering a positive and inclusive culture within organizations.
The focus of this forum is aligned with Malaysia’s Halal Industry Master Plan 2030 (HIMP 2030), which was recently launched by the Malaysia’s YAB Deputy Prime Minister on 23rd March 2023. Spearheaded by the Ministry of Investment, Trade, and Industry (MITI) and HDC, HIMP 2030 catalyzes Halal industry’s growth by leveraging on Malaysia’s unique Halal ecosystem, with the theme “Prominent, Visible, and Globalized Halal Malaysia,” HIMP 2030 strengthens Malaysia’s leadership in the global Halal industry by achieving greater positioning, strategic standpoint, and comprehensive national development. Malaysia’s Halal industry is projected to reach approximately RM231.1 billion by 2030 which is 10.8 percent of the country’s Gross Domestic Product (GDP), as targeted in the 12th Malaysia Plan.