MALAYSIA: TPM To Create More Entrepreneurs, Firms With Halal Science Lab Upgrade

KUALA LUMPUR, Dec 16 (Bernama) — With its investment of about RM6 million in the recent upgrading of the Halal Science Laboratory, Technology Park Malaysia Corporation Sdn Bhd (TPM) aims to create more entrepreneurs and companies, says its Chairman Datuk Nasarudin Hashim.

For next year, via its unit TPM Biotech Sdn Bhd, the corporation aims to produce at least 70 companies, bringing the total number of Malaysian entrepreneurs and companies to 630.

“TPM Biotech has invested about RM6 million to upgrade the laboratory, which is now equipped with the latest technologies for the testing and analysis of halal issues in tandem with international benchmarks.

“With the latest technology, we are confident that we can effectively and efficiently serve our existing and potential clients to meet the highest international standards in halal requirements for food production,” he told reporters after the launch of a two-day seminar, BioHalal Malaysia 2013, here Monday.

Nasarudin said Malaysian entrepreneurs should venture into the global halal market, which is worth more than an estimated RM6.9 trillion annually, with halal foods alone worth RM2.1 trillion, accounting for 30.4 per cent.

He said people nowadays note that halal products and services are not only meant for Muslims, but for non-Muslims as well.

Besides companies from Muslim countries like Brunei, Algeria and the Middle East, companies from non-Muslim countries like Japan, Korea and France also utilise the services of the Halal Science Lab, Nasarudin said.

“Halal not only means free from pork and alcohol, but the product must be of a certain quality before it can be marketed to consumers,” he said, adding that soon TPM Biotech will collaborate with the Department of Islamic Development Malaysia (Jakim) to further assist local companies in halal matters.

The agency, which is under the purview of the Ministry of Science, Technology and Innovation, receives an average of RM100 million in annual revenue, but expects the laboratory to contribute less than 10 per cent to its total revenue in its first few years of operation.

— BERNAMA

*This article was published by Bernama. Read the original article here.

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