PETALING JAYA: The setting up of foreign hypermarkets has boosted small and medium-scale industries (SMIs), said Domestic Trade and Consumers Affairs Minister Tan Sri Muhyiddin Yassin.
He said that local products could be distributed and marketed throughout the world within the network of the hypermarkets.
“Our products like cooking oil and chilly sauce are accepted as a brand name of a hypermarket selling and distributing internationally,” he told reporters at opening the Tesco Mutiara Damansara hypermarket here yesterday.
Also present were Sime Darby regional director Jafar Carrim and Tesco CEO Simon Turner.
Muhyiddin said it was a myth to say that hypermarkets would paralyse the retail business.
“Hypermarkets are no longer a new trend but have become the people's lifestyle.
“They have indeed opened up a broad market for our produce. It is up to retailers to form partnerships in a competitive manner to market their products,” he said.
Muhyiddin urged financial institutions to extend support to SMIs supplying products to hypermarkets to increase productivity and quality.
He commended Tesco for its plans to set up a distribution centre in the Klang Valley.
“It can become the centre of distribution for Made-in-Malaysia products to Tesco outlets abroad,” he said.
Muhyiddin said Malaysia had set a target to become the regional hub of retail distribution and this could be realised with the co-operation of hypermarkets.
He urged hypermarkets to produce and distribute halal food as the ministry also aimed to make the country the regional hub for halal products among Muslim countries worldwide.