Dhaka, Aug. 16 -- Bangladesh intensifies bid to build a strong foothold in the multitrillion-dollar global halal economy and woos foreign investors to tap the country's growing domestic market and export potential, officials say.

The government has set its sights on the emerging trade for positioning Bangladesh as a major halal hub by 2030, leveraging its competitive pricing and large consumer base.

Officials have said Dhaka is working to bring local production into full compliance with international halal standards, following requests from several importing countries.

The Ministry of Commerce notes that unless Bangladesh ensures proper certification-from production to export-the country risks losing out on market opportunities in the ...