HDC, DOSM partnership enables halal industry data analytics

KUALA LUMPUR (BERNAMA) – Halal Development Corp Bhd (HDC) has partnered with the Department of Statistics Malaysia (DOSM) on the use research and data analytics in the halal industry.

HDC Chief Executive Officer Hairol Ariffein Sahari said both parties have agreed to take the necessary steps in empowering halal industry statistical services through knowledge sharing and statistical generated data with the signing of a memorandum of understanding (MoU).

“This is the first in the world verified big data backed by the government to pave the way for more precise economic indicators in the halal industry,” he said at the virtual launch of the HDC Halal Sectoral Roadmap Implementation 2021, in conjunction with the signing of the MoU yesterday.

HDC, which is a federal government agency, introduced the roadmap to strengthen the halal national blueprint based on the current global economic scenario.

Two sectors have been chosen, namely pharmaceutical and food services. The objective is to achieve MYR40 billion in revenue from halal food services and MYR1.6 billion revenue from the halal pharmaceutical sector by 2025.