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Japanese keen on halal sector

Japanese investors have expressed interest in expanding their outlay in Thailand’s halal food industry, says the National Food Institute (NFI).

NFI president Yongvut Saovapruk said Japanese businesses saw strong potential in the halal market, which is growing substantially in line with a rising Muslim population.

"The world’s Muslim population is huge, around 2 billion. The figure is expected to rise to 3 billion soon and that is a very big market that many investors want to capitalise on," said Mr Yongvut.

The NFI has signed a memorandum of understanding with the Japan Halal Development and Promotion, a government agency for enhancing halal food standards in Japan and promoting Japanese food products in Muslim countries.