KUALA LUMPUR, Oct 13 (Bernama) -- Strategic halal industry initiatives under Budget 2027 will be a key catalyst in empowering local micro, small and medium enterprises (MSMEs) to expand into global markets.
General : Budget 2027 Strengthens MSMEsâ Competitiveness In Halal Industry
HDC, Budget 2027, MSMEs, halal industry, Mohd Afan
BE Bernama 
Key points
- Halal Development Corporation Berhad (HDC) Chairman Prof Dr Mohd Afandi Salleh said support for MSMEs must be coupled with business capability development to ensure local companies not only secure halal certification, but also grow and tap into opportunities in the global value chain.
- Under Budget 2027, the government offers matching grants of up to RM5,000 for MSMEs applying for halal certification for the first time, along with grants of RM25,000 to RM34,000 to support MSMEs in high-potential sectors, including cosmetics and pharmaceuticals.
- Mohd Afandi said these initiatives can help local businesses strengthen their foundations, boost product competitiveness, and capitalise on growth opportunities in the halal industry.
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- Bernama General : Budget 2027 Strengthens MSMEsâ Competitiveness In Halal Industry (this story)
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