Will Government Have Rs 80,000 Crore For Vaccine Distribution, Asks Serum Institute CEO
Adar Poonawalla, chief executive officer of Serum Institute of India Pvt. Ltd., which is producing the potential coronavirus vaccine developed by Oxford University, said the government will need Rs 80,000 crore to buy and distribute a vaccine against Covid-19.
"Quick question; will the government of India have 80,000 crores available, over the next one year? Because that's what @MoHFW_INDIAneeds, to buy and distribute the vaccine to everyone in India," he tweeted,
This is the next "challenge" we need to tackle, he said, also tagging the prime minister's office.
"I ask this question because we need to plan and guide, vaccine manufacturers both in India and overseas to service the needs of our country in terms of procurement and distribution," Poonawalla added.
Serum Institute has signed an agreement to manufacture the potential vaccine developed by Jenner Institute of Oxford University in collaboration with British-Swedish pharma company AstraZeneca.
Earlier, the private company controlled by the Poonawalla family had announced that it will make the Oxford vaccine available at $3 for low- and middle-income countries including India.