PUTRAJAYA: Halal industry stakeholders should embrace the Fourth Industrial Revolution (IR4.0) which offers possibilities to boost their industrial capacity, increase productivity and enhance efficiency, says the Prime Minister. He pointed out that opportunities in halal industries were immense citing the global halal industry market size projected to be worth US$5tril (RM20.74tril) by 2030 from its current market worth of US$3.1tril (RM12.86tril). "Halal industry players should enhance trade ties among Muslim nations through multilateral and bilateral meetings, trade missions and free trade agreements so as to meet the demand of global Muslim and non-Muslim consumers. His speech was read by International Trade and Industry Minister Datuk Seri Mohd Azmin Ali. "Malaysia’s halal industry is a key feature of the NRP with the recovery of the industry being paramount to the resilience of overall Muslim-majority national economy," he said.

Source: The Star September 09, 2021 03:22 UTC