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Business

PM Modi pledges USD 15 million to international vaccine alliance, GAVI

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Last updated: Jun 04, 2020, 17:31 IST
By Ankur Sharma
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PM Modi pledges USD 15 million to international vaccine alliance, GAVI
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In this handout photo taken and released by Indian Press Information Bureau (PIB) on April 14, 2020, India’s Prime Minister Narendra Modi addresses to the nation during a government-imposed nationwide lockdown as a preventive measure against the COVID-19 coronavirus, in New Delhi. – India’s nationwide coronavirus lockdown, the biggest in the world covering 1.3 billion people, will be extended until May 3, Prime Minister Narendra Modi said on April 14. (Photo by Handout / PIB / AFP) / RESTRICTED TO EDITORIAL USE – MANDATORY CREDIT “AFP PHOTO / INDIAN PRESS INFORMATION BUREAU ” – NO MARKETING – NO ADVERTISING CAMPAIGNS – DISTRIBUTED AS A SERVICE TO CLIENTS

Prime Minister Narrndra Modi today said the COVID-19 pandemic, in some ways, has exposed the limitations of global cooperation and that for the first time in recent history, the human kind faces a clear common enemy.

He said India stands in solidarity with the World in these challenging times.

Mr Modi said this while addressing the virtual Global Vaccine Summit hosted by UK Prime Minister Boris Johnson in which over 50 countries – business leaders, UN agencies, civil society, government ministers, Heads of State and country leaders participated.  

He said, India’s civilization teaches to see the world as one family and that during this pandemic it had tried to live upto this teaching.

He also said India did it so by sharing the country’s available stocks of medicines with over 120 countries, by forging a common response strategy in its immediate neighborhood and by providing specific support to countries that sought it, while also protecting India’s own vast population.  

India today pledged 15 Million US Dollars to GAVI, the international vaccine alliance.

Referring to GAVI, Mr Modi said it is not just a global alliance but also a symbol of global solidarity and a reminder of that by helping others we can also help ourselves.

The Prime Minister said India has a vast population and limited health facilities and that it understands the importance of immunization.

He added that one of the first programmes launched by his government was Mission Indradhanush, which aims to ensure full vaccination of the country’s children and pregnant women, including those in the remote parts of the vast nation.

He also said in order to expand protection, India has added six new vaccines to its National Immunization Programme.

The Prime Minister elaborated that India had digitized its entire vaccine supply line and developed an electronic vaccine intelligence network to monitor the integrity of its cold chain.

Mr. Modi  said India is also the World’s foremost producer of vaccines and that it is fortunate to contribute to the immunization of about 60 percent of the World’s children.

He added that  India recognizes and values the work of GAVI, that is why it became a donor to GAVI while still being eligible for GAVI support.

The Prime Minister said India’s support to GAVI is not only financial but that India’s huge demand also brings down the Global price of vaccines for all, saving almost 400 Million Dollars for GAVI over the past five years.

He reiterated that India stands in solidarity with the world along with its proven capacity to produce quality medicines and vaccines at low cost, its own domestic experience in rapidly expanding immunization and its considerable scientific research talent.

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