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Significance of agribusiness development in SDG attainment in Bangladesh

In Bangladesh, the agriculture sector contributes 13.32% to our GDP (Bangladesh Bureau of Statistics, 2019) and it absorbs the biggest portion (41%) of the labor force (Ministry of Agriculture, 2018). About 64.96% of the total population live in rural areas (World Bank, 2016) and the majority of them are directly or indirectly engaged in a wide range of agricultural activities. Apparently, the rural development is directly linked to agro-industry development. Again another estimation of World Bank says, “Growth in agriculture is two to four times more powerful at reducing poverty than growth in other sectors”. Intergovernmental Committee of Experts on Sustainable Development Financing (ICESDF) also emphasizes that Bangladesh needs huge investment for sectors like agriculture and rural development. Hence, in a broad sense, it is clear that agro-industry comprised of agribusinesses can play a vital role in achieving the Sustainable Development Goals in an agriculture-based developing eco