Halal MSMEs require strong support to bolster export market: VP

Halal MSMEs require strong support to bolster export market: VP

Vice President Ma'ruf Amin gives a keynote speech at the launch of Synergy for the Acceleration of Halal Industry MSME Development on August 25, 2021. (ANTARA/HO-Asdep KIP Setwapres/rst)

Jakarta (ANTARA) - Vice President Ma'ruf Amin highlighted the importance of ensuring that Micro, Small, and Medium Enterprises (MSMEs) engaged in the halal industry sector receive strong support to strengthen the export market.

"MSMEs in the halal industry should be supported to meet the needs of the domestic and export markets in terms of the quantity and quality of the products," Amin stated at the launch of the Synergy for the Acceleration of the Development of Halal Industry MSMEs on Wednesday.

The form of support for MSMEs in the halal industry can be offered through strong synergy and collaboration to expedite the development of MSMEs. In addition, various related stakeholders must focus on scaling up MSMEs in the halal industry.

"Several parties are paying great attention to MSMEs as a form of capital that must be optimized. Several initiatives have been taken by various parties to help MSMEs scale up," he pointed out at the event was organized by the National Committee for Islamic Economy and Finance (KNEKS) virtually.

Amin cited the example of support for MSMEs in the halal industry in terms of funds and financing from Islamic banks, Revolving Fund Management Institutions (LPDB), sharia microfinance institutions (LKM), sharia people's business loans (KUR), sharia shares, and Islamic fintech financing.

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"If MSMEs in the halal industry need to increase sales, then they can cooperate with digital marketing service providers. Likewise, in order to improve the quality of the company's operations, there are several digital providers that are ready to help MSMEs," Amin remarked.

Hence, the Vice President is optimistic that the Synergy for the Acceleration of Halal Industry MSME Development event would facilitate harmonization of MSMEs and halal industry businesses in Indonesia to create an ecosystem with mutual benefits.

Development of MSMEs in the halal industry is also an important part in realizing Indonesia's vision as a world center for halal producers.

The aspiration to become a halal producer must be realized by increasing the capacity, so that MSMEs in the halal industry in Indonesia can become part of the global halal value chain.

"Indonesia is expected to not only become a market for halal products but also to become a producer of halal products that can export halal products all around the world," Amin emphasized.

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