• Sovereign wealth fund: India should establish a dedicated sovereign fund to invest in producing nations such as Mozambique, Myanmar, and Ukraine, ensuring domestic food supply security and shifting the country from a price taker to a price maker.
• Biofuel capacity expansion: With domestic ethanol blending reaching nearly 20% and production capacity at 2,200–2,400 crore liters against 1,100 crore liters of consumption, promoting flex-fuel vehicles is critical to absorb surplus supply and de-risk from crude volatility.
• Weather risk derivatives: NCDEX has introduced rainfall contracts with plans for Easterly Monsoon and temperature derivatives, enabling agriculture, transport, FMCG, and hydropower sectors to hedge against climate-driven financial losses.
• Value chain digitization: Enhancing agricultural value addition requires scaling digital platforms, such as ITC's MARS app connecting 2.5 lakh farmers and over 2,000 FPOs with precision practices, crop diagnostics, and credit access.