Rural Bioeconomy can be developed further as a significant contributor to our economy. Based on stimulated growth rate at 15%, rural portions (i.e. smallholder agriculture and aquacilture) can contribute up to RM24.1 billion to the Malaysian GDP in 2030 and may even double up to RM48.3 billion if advanced bio-based technology is applied across the sector with appropriate policy actions.
The implementation of the Bioeconomy Community Development Programme (BCDP) serves to bolster the upstream portion of the supply chain. Developing the upstream sector creates a ripple effect throughout the entire industry value chain. Bio-based technology can amplify the economic contributions of agricultural production sectors beyond current capacities by enhancing yield, productivity and quality of outputs. the creation of a secure, local, high quality source of raw materials enables capacity expansion for downstream ventures as well improved market penetration.
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Making the most of what mother nature has to offer is what Dr Nabisar Mustan does best, even if her research becomes a subject of controversy.
A project that is set to elevate the social mobility of rural communities and growth of the herbal industry in Malaysia – the planting of Kacip Fatimah at Kampung Sagil Tangkak, Johor.
May 19,2017 saw the official handover of the MOSTI Social Innovation (MSI) project to Persatuan Peniaga Kecil Kampung Sagil Tangkak Johor.
The commercial cultivation of oyster mushrooms at Kampung Kondok is among Bioeconomy Community Development Programme’s projects implemented through MOSTI’s 2016 Social Innovation (MSI) RM24 mil fund.
The money is also used to cover expenditure on training, construction of mushroom sheds and the purchase of 100,000 poly bags for 10 members of the Waris Jati Kondok Cooperative.
The mushroom farming project is able to generate 652,000 ringgit annually for 10 mushroom sheds or a monthly income of RM54,000.
Never has so much passion been portrayed in transforming Langkawi into the hub for seaweed production in Peninsular Malaysia.
This was nevertheless the case for the 20 fishermen from the Persatuan Pengusaha Rumpai Laut Langkawi whose hard work and dedication has since paid off for them.
For starters, they are producing more than 100 cages of seaweed with maximum capacity of 700 kilograms per cage.
Thus generating an income of more than RM3,000 a month and at full harvest, an income of RM752,000.
The rice straw project under the Bioeconomy Community Development Programme (BCDP) pioneers the Malaysian government’s effort to penetrate the global eco-friendly packaging industry worth US$178 billion.