Japanese investors keen on expanding halal food

Bangkok, (IINA) - The Thai National Food Institute (NFI) stated that Japanese investors expressed interest in developing their outlay in Thailand's halal food industry, Bangkok Post reported.
NFI President Yongvut Saovapruk said Japanese businesses saw strong potential in the halal market, which is growing substantially in line with a rising Muslim population.
He said: "The world's Muslim population is huge, around 2 billion. The figure is expected to rise to 3 billion soon, and that is a very big market that many investors want to capitalize on".
The NFI has already signed a memorandum of understanding with the Japan Halal Development and Promotion, a government agency for enhancing halal food standards in Japan and promoting Japanese food products in Muslim countries.
He noted that the NFI will provide Japanese investors with essential information and the requirements to receive the official halal trademark from the Central Islamic Council of Thailand.
It is noteworthy that Thailand ranks ninth for halal food exports and has a long history of food business expertise.
Yongvut added: "The Japanese are not familiar with halal food, which requires a deliberate process including acquiring the raw materials, the cooking process and cooking standards that have to match specific religious requirements".
Japan is also interested in exporting halal foods to countries in the Middle East, Indonesia, Malaysia and Pakistan, Yongvut said.
AG/IINA

Let's block ads! (Why?)