India has solidified its position as a leading exporter in the global Halal meat market, achieving exports worth $$4.4 billion in 2022. The growing international demand for Halal-certified products, particularly from Gulf Cooperation Council (GCC) nations, Southeast Asia, and North Africa, has propelled India to the forefront of this lucrative industry. Major importers, including Malaysia, Indonesia, Egypt, Iran, and the GCC countries, rely on India’s ability to meet strict Halal standards.
To ensure compliance with these requirements, India introduced the India Conformity Assessment Scheme (i-CAS) for Halal certification. This initiative guarantees that exported products, processes, and services align with Islamic Shariah law, which is a prerequisite for many importing nations. Designed to adhere to international best practices, the i-CAS for Halal certification enhances India’s ability to deliver quality products that meet the rigorous demands of global markets.
The Indian government has further supported this growth by refining the certification process and introducing financial incentives. Since October 2023, exporters have benefited from a one per cent interest rebate for timely loan repayments and an increased loan limit. These measures aim to boost compliance with global standards and encourage exporters to expand their presence in international markets.
Beyond Halal meat, India also exports a diverse range of food products, including Basmati rice, fish, honey, and milk products. The Food Safety and Standards Authority of India (FSSAI) ensures that all exports maintain high safety and quality standards. Additionally, India has secured 14 Free Trade Agreements (FTAs) and 6 Preferential Trade Agreements (PTAs), with Halal products playing a significant role in ongoing trade negotiations with key partners such as the UK and the European Union.
The global Halal food market, valued at over $2 trillion, presents a significant opportunity for India to expand its footprint. With competitive pricing, stringent quality controls, and robust Halal certification processes, India is well-positioned to meet the rising demand for Halal-certified products and strengthen its role in the global Halal industry.
BUSINESS GENRAL | Saudi-Iraqi Trade Mission Boosts Exports, Strengthens Economic Ties