Indonesia Prepares to Claim Top Spot in Global Halal Industry
JAKARTA - Investment Minister/BKPM Head Rosan P. Roeslani has stated that Indonesia is preparing to become the number one player in the global halal industry.
Referring to the National Long-Term Development Roadmap (RPJPN) for Islamic Economy and Finance 2025–2045, Rosan emphasised that the advancement of the Islamic finance industry plays a strategic role in realising the Golden Indonesia 2045 vision.
Rosan, who also serves as CEO of Danantara Indonesia, added that the current global landscape is fraught with various challenges, ranging from geopolitical uncertainty and climate change to technological and economic disruption.
"In such circumstances, we are required to find new sources of growth that are inclusive, sustainable and resilient," said Rosan whilst opening the BSI International Expo 2025, which took place from 26 to 29 June in Jakarta.
Based on several scoring systems, he continued, Indonesia currently ranks third in the global halal industry. Yet Indonesia possesses the potential of more than 80 per cent of its consumers who are already aware of the importance of halal products. The domestic market is in fact already well prepared to support the growth of the halal industry.
However, challenges remain, from low halal literacy among business operators to the less-than-optimal harmonisation of halal certification between countries. For this reason, strengthening the halal ecosystem cannot be done in a piecemeal fashion. Synergy is needed between regulators, business operators, consumers and financial institutions such as BSI.
With an agile, innovative and sustainable spirit, BSI continues to forge cross-sector collaborations to strengthen Indonesia's position as a major player in the global Islamic economy.
Referring to the National Long-Term Development Roadmap (RPJPN) for Islamic Economy and Finance 2025–2045, Rosan emphasised that the advancement of the Islamic finance industry plays a strategic role in realising the Golden Indonesia 2045 vision.
Rosan, who also serves as CEO of Danantara Indonesia, added that the current global landscape is fraught with various challenges, ranging from geopolitical uncertainty and climate change to technological and economic disruption.
"In such circumstances, we are required to find new sources of growth that are inclusive, sustainable and resilient," said Rosan whilst opening the BSI International Expo 2025, which took place from 26 to 29 June in Jakarta.
Based on several scoring systems, he continued, Indonesia currently ranks third in the global halal industry. Yet Indonesia possesses the potential of more than 80 per cent of its consumers who are already aware of the importance of halal products. The domestic market is in fact already well prepared to support the growth of the halal industry.
However, challenges remain, from low halal literacy among business operators to the less-than-optimal harmonisation of halal certification between countries. For this reason, strengthening the halal ecosystem cannot be done in a piecemeal fashion. Synergy is needed between regulators, business operators, consumers and financial institutions such as BSI.
With an agile, innovative and sustainable spirit, BSI continues to forge cross-sector collaborations to strengthen Indonesia's position as a major player in the global Islamic economy.