- The US International Development Finance Corporation (DFC) has announced it will “finance increased capacity to support Biological E’s effort to produce at least 1 billion doses of Covid-19 vaccines by the end of 2022”
UPDATED ON MAR 13, 2021 01:28 PM IST
The four countries agreed on Friday to pool their financial resources, manufacturing capacities and logistical strengths to ramp up manufacture and distribution of Covid-19 vaccines across the region as part of efforts to boost post-pandemic recovery.
The initiative will create additional manufacturing capacities in India, the world’s largest producer of vaccines, to make doses developed in the US, including the Johnson & Johnson candidate. This will be done with financing from the US and Japan.
Australia will help overcome last mile and logistical delivery issues and assist in delivering the vaccines to countries in Southeast Asia, the Indian Ocean and the Pacific Islands.
The US International Development Finance Corporation (DFC) has announced it will “finance increased capacity to support Biological E’s effort to produce at least 1 billion doses of Covid-19 vaccines by the end of 2022”.
This will be done with Stringent Regulatory Authorization (SRA) and the World Health Organization’s (WHO) Emergency Use Listing.
The move is part of DFC’s Global Health and Prosperity Initiative, under which it is increasing manufacturing, production and distribution capacity for vaccines.
The Quad Vaccine Partnership was seen as the most significant deliverable of the first summit of the leaders of India, Australia, Japan and the US. Observers believe the move will help counter China’s influence across the Indo-Pacific while at the same time signalling that the Quad is evolving from a group that only discusses strategic approaches to cooperating in definite areas.
DFC chief operating officer David Marchick said, “It is hard to conceive of an investment with a greater developmental impact than using our financial tools to increase the capacity of vaccine manufacturing to help developing countries in Asia and around the world respond to Covid-19 and other diseases.”
He added, “Expanding vaccine manufacturing, especially the Covid-19 vaccine and boosters, will help increase vaccination rates and protect communities around the world.”
Partnering with Biological E, which is a woman-run business, will also advance DFC’s “2X Women’s Initiative” to promote global gender equity.
Mahima Datla is currently the managing director of Biological E, which was founded in 1953, and became the first Indian private sector company to enter the vaccines business in 1962. The firm launched commercial operations in the US in 2019.
TheDFC is also working to strengthen the vaccine supply chain and last mile logistics for distribution. Under its Global Health and Prosperity Initiative, DFC will invest between $5 million and $500 million on eligible projects, including equity and debt financing, political risk insurance and technical development.
PUBLISHED ON MAR 21, 2021 12:38 AM IST
Vani Devi, who contested the election on the Telangana Rashtra Samithi ticket, defeated her nearest rival N Ramachander Rao of Bharatiya Janata Party.
PUBLISHED ON MAR 21, 2021 12:12 AM IST
Lucknow The Lucknow bench of the Allahabad high court has ordered a probe into allegations of threats issued to family members of the Hathras gang rape and murder victim, during the trial of the case, in Hathras district court, on March 5
PUBLISHED ON MAR 21, 2021 12:10 AM IST
Kolkata: Sharpening her attack on Prime Minister Narendra Modi, who is on a visit to the poll-bound state, West Bengal chief minister Mamata Banerjee on Saturday alleged that money collected under PM Cares Fund during the Covid-19 pandemic was being used in the Bengal elections by the Bharatiya Janata Party (BJP)
By Tanmay Chatterjee and Biswa Kalyan Purkayastha, Kolkata/silchar
PUBLISHED ON MAR 21, 2021 12:09 AM IST
Prime Minister Narendra Modi on Saturday stepped up his attack on the Bharatiya Janata Party’s (BJP) political rivals in poll-bound West Bengal and Assam, accusing them of derailing development and ignoring people’s needs for their vested interests
By Neeraj Chauhan
PUBLISHED ON MAR 21, 2021 12:08 AM IST
New Delhi: The Centre on Saturday suo motu handed over the probe into Thane businessman Mansukh Hiran’s death to the National Investigation Agency (NIA), which has been probing the SUV laden with explosives found outside industrialist Mukesh Ambani’s residence last month
By Rezaul H Laskar and Rahul Singh, New Delhi
PUBLISHED ON MAR 21, 2021 12:08 AM IST
US defence secretary Lloyd Austin, the first senior member of the Biden administration to visit India, said on Saturday he had raised the issue of human rights of the country’s minorities with members of the Indian cabinet as “partners need to be able to have those kinds of discussions”
PUBLISHED ON MAR 20, 2021 11:56 PM IST
Dattatreya Hosabale, 66, replaced Suresh Bhaiyyaji Joshi, 73 as the general secretary of the Rashtriya Swayamsevak Sangh (RSS) on Saturday, signalling a significant change ahead of the Sangh’s centenary celebrations that will begin in 2024
PUBLISHED ON MAR 20, 2021 11:55 PM IST
Mumbai: The BrihanMumbai Municipal Corporation (BMC) has decided to randomly test people for Coronavirus disease (Covid-19) at public places without their consent amid a surge in infections
UPDATED ON MAR 20, 2021 11:54 PM IST
The Union government has placed orders for 120 million more doses of coronavirus vaccines with Serum Institute of India (SII) and Bharat Biotech, moving to secure more stocks at a time when officials and experts are calling for speedier delivery as a new wave of infections takes holds in several parts of the country
PTI, New Delhi
PUBLISHED ON MAR 20, 2021 11:02 PM IST
Sukhwinder Singh, a protester, said the incident took place around 10 am near an under-construction flyover where the tent was put up.
UPDATED ON MAR 20, 2021 10:46 PM IST
Covid-19 cases have again started rising at some places in the country for the past some time and the laxity shown by people towards the infection is the basic reason behind it, Vardhan said, adding that the situation may turn “dangerous”.
By hindustantimes.com | Written by Kanishka Sarkar, Hindustan Times, New Delhi
PUBLISHED ON MAR 20, 2021 10:44 PM IST
- Prakash Javadekar’s remark comes in the backdrop of new rules notified by the government last month that will govern online content.
PUBLISHED ON MAR 20, 2021 10:41 PM IST
- Before this, Bagchi was serving as the joint secretary (north) at the MEA headquarters.