Consumption Of Halal Products Reaches 184 Billion US Dollars, Tourism And Creative Economy Minister Sandiaga Uno Believes Indonesia Has The Opportunity To Become A Center For The Halal Industry

JAKARTA - Minister of Tourism and Creative Economy (Menparekraf) Sandiaga Uno stated that Indonesia has the opportunity to become the center of the halal industry.

Based on the Indonesia Halal Market 2021/2022 report, Indonesia is said to be the largest halal consumer market in the world with consumption of halal products around 184 billion US dollars in 2020, the export value of halal products at 8 billion US dollars, the import value of halal products around 10 billion US dollars, and investment in the halal economic sector in Indonesia is around 5 billion US dollars.

"Seeing the development of the data, there are opportunities that can be exploited in order to make Indonesia not only a halal consumer, but as a center for the world's halal industry. Such as increasing exports of Indonesian halal products, increasing foreign investment in the Indonesian halal industry sector, and substituting the need for halal products in the Indonesian halal industry. countries that have been imported," he said virtually when opening the "Islamic Creative Economy Founders Fund (ICEFF) 2022" program through an official statement quoted by Antara, Monday, July 18.

With the huge potential of Indonesia's halal industry, he continued, the government continues to encourage business actors to develop halal products and services so that Indonesia can become a major player or not only the target market for the world's halal industry producers.

Through the ICEFF 2022 program, the Ministry of Tourism and Creative Economy (Kemenparekraf) is committed to supporting the acceleration of the halal industry. The program brings together tourism businesses and the creative economy, especially the halal industry in the culinary, craft, application, and modest fashion sub-sectors to get funding support from financial institutions and investors to develop businesses.

Menparekraf asked investors and Islamic funding institutions who were present at the ICEFF 2022 pitching program not to hesitate to invest in 30 selected participants.

"I really hope that this activity can be used as well as possible, and there are participants who get the realization of capital to advance their business so that they continue to advance in class and benefit the people," he said.