ID :
16684
Fri, 08/22/2008 - 18:00
Auther :
Shortlink :
http://m.oananews.org//node/16684
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MALAYSIA HAS POTENTIAL TO BE HERBAL HUB
KUALA LUMPUR, Aug 22 (Bernama) -- Malaysia has the potential to achieve its aspiration of becoming a global herbal hub as more people are turning away from modern medicines, says Minister of Science, Technology and Innovations, Dr Maximus Johnity Ongkili.
Therefore, local herbal entrepreneurs must ensure good practices in business and produce safe and clean natural products in accordance withinternational health safety regulations and standards.
This will be important for Malaysia to achieve greater success in themedicinal plants, health and herbal product sector.
It will also enhance its image as a catalyst for providing good business opportunity for the global communities, he said in his speech at thesoft launch of Herbal World 2008 here, Thursday.
His speech was read by the ministry's director general, Prof DrMohamed Isa Abd Majid.
Ongkili said the development of the Malaysian herbal industry has undergonephenomenal changes and has grown by leaps and bounds over the past few years.
In terms of herbal products registered in Malaysia with the Drug Control Authority, the number has increased to more than 10,000 products at present fromonly 339 products in 1995.
"As Malaysian-made health and herbal products are fast gaining international recognition, local companies and entrepreneurs must take bold measures to willingly invest and develop their brand in order to remaincompetitive," he said.
Meanwhile, the inaugural Herbal World 2008 to be held in November this year is being organised by Cynrix Innovations Sdn Bhd and is expected to pull in over 1,000 participants with 250 exhibitors from 30 countries and 23 renownedinternational speakers in respective fields.
Cynrix Innovations chairman, Dr Sulaiman Daud said he also expects the participation of many international and regional trade bodies and UnitedNations organisations at the event.
It is estimated that the global herbal products market has been growing 15 percent annually with its market size expected to swell to US$5 trillion by2050.
Currently, the medicinal plants market worldwide is worth US$62billion.
Therefore, local herbal entrepreneurs must ensure good practices in business and produce safe and clean natural products in accordance withinternational health safety regulations and standards.
This will be important for Malaysia to achieve greater success in themedicinal plants, health and herbal product sector.
It will also enhance its image as a catalyst for providing good business opportunity for the global communities, he said in his speech at thesoft launch of Herbal World 2008 here, Thursday.
His speech was read by the ministry's director general, Prof DrMohamed Isa Abd Majid.
Ongkili said the development of the Malaysian herbal industry has undergonephenomenal changes and has grown by leaps and bounds over the past few years.
In terms of herbal products registered in Malaysia with the Drug Control Authority, the number has increased to more than 10,000 products at present fromonly 339 products in 1995.
"As Malaysian-made health and herbal products are fast gaining international recognition, local companies and entrepreneurs must take bold measures to willingly invest and develop their brand in order to remaincompetitive," he said.
Meanwhile, the inaugural Herbal World 2008 to be held in November this year is being organised by Cynrix Innovations Sdn Bhd and is expected to pull in over 1,000 participants with 250 exhibitors from 30 countries and 23 renownedinternational speakers in respective fields.
Cynrix Innovations chairman, Dr Sulaiman Daud said he also expects the participation of many international and regional trade bodies and UnitedNations organisations at the event.
It is estimated that the global herbal products market has been growing 15 percent annually with its market size expected to swell to US$5 trillion by2050.
Currently, the medicinal plants market worldwide is worth US$62billion.
