RateCaptain
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
Subscribe
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
RateCaptain
No Result
View All Result
Home Business

India to Resume Covid Vaccine Exports in 2022

Rate Captain by Rate Captain
August 24, 2021
in Business, Health
Reading Time: 3 mins read
A A
0
Share on FacebookShare on TwitterShare on WhatsappShare on Telegram

India will likely restart exporting Covid-19 vaccines next year once it has immunized its own adult population, the head of an influential government expert panel said.

AlsoRead

NGX All-Share Index Breaks 190,000 Barrier, Market Cap Surges by N5.1 Trillion in Single-Day Rally

NGX All-Share Index Surges 6.16% to Record 182,313.08 Points, Market Cap Hits N117.03 Trillion

Brent Crude Holds Above Nigeria’s 2026 Budget Benchmark at $67.78

“Almost 60 countries are hardly having any access to vaccine and India should be able to provide a substantial portion in 2022,” N.K. Arora, chairman of the National Technical Advisory Group on Immunization in India, said in an interview with Bloomberg Television on Tuesday. “As soon as we are through with our adult population we should have sufficient vaccine to share with the rest of the world.”

The South Asian nation, which has the second largest Covid outbreak with 32.5 million infections, should have six locally-developed shots by the end of 2021, Arora said. As the head of vaccine advisory group, he helps the Indian federal government evaluate new vaccines as well as review data from those already rolled out.

Home to the world’s biggest vaccine-producing industry, India earlier this year was shipping out shots to poorer nations amid Prime Minister Narendra Modi’s much-touted vaccine diplomacy. There was also an expectation that the country would be a major supplier to the World Health Organization-backed Covax effort for global equitable access to these vaccines.

But the onset of a devastating second-wave of infections and local supply delays prompted the government to prioritize its own citizens and halted overseas shipments in April.

Covax has since struggled to make up for the shortfall, looking instead to countries such as China to fill the gap as India slowly bolsters its own capacity. A boosted portfolio of vaccines by the year end should cover Indian government’s plans to fully immunize 920 million adults, Arora said.

India Approves DNA-based Covid Shot, Boosting Vaccine Plan

“That means our requirement will be 1.8 million doses by that time,” he said. “The way our pipeline is we should be able to reach and meet our target by the end of the year.”

Upcoming Production

Already vaccines from AstraZeneca Plc — churned out by the Serum Institute of India Ltd. — and Bharat Biotech International Ltd. are being widely deployed in the country, while doses from Cadila Healthcare Ltd. and Russia’s Sputnik V are expected to begin local production in coming months.

Serum, the country’s largest supplier, should be raising its monthly contribution to about 150 million doses from almost 120 million shots currently, Arora said. By September, Bharat Biotech will provide about 120 million doses after “some initial glitches.” Other Indian vaccine makers, Biological E. Ltd. and Genova Biopharmaceuticals Ltd., should also start contributing to the supplies, he said.

India has so far administered more than 589 million doses, but even that huge coverage has only fully vaccinated about 10% of the population, according to Bloomberg’s vaccine tracker.

Arora said that India isn’t looking to imported vaccines to help boost its own supplies. The country has been negotiating with foreign vaccine makers, such as Pfizer Inc., over legal indemnity clauses that the companies are demanding but there’s been no breakthrough yet.

“We are totally, kind of, banking on indigenously manufactured vaccines,” he said. “Our estimates on supply lines do not take into account any of the vaccines from abroad.”

Previous Post

Buhari’s Medical Trips And Nigeria’s Decaying Health Sector

Next Post

Governor Makinde “Join Politics If You Want Nigeria To Progress”

Related News

Nigerian Equity Market Sees Impressive N1.08tn Wealth Gain Amidst Bullish Trading.

NGX All-Share Index Breaks 190,000 Barrier, Market Cap Surges by N5.1 Trillion in Single-Day Rally

by Jide Omodele
February 17, 2026
0

The Nigerian Exchange Limited (NGX) recorded one of its strongest single-day performances on Monday, February 17, 2026, as the benchmark...

Nigeria’s Stock Market Records N1.81 Trillion Gain in July.

NGX All-Share Index Surges 6.16% to Record 182,313.08 Points, Market Cap Hits N117.03 Trillion

by Stephen Akudike
February 16, 2026
0

The Nigerian Exchange (NGX) concluded the trading week ended February 13, 2026, on a robust bullish note, with the benchmark...

Brent Crude Holds Above Nigeria’s 2026 Budget Benchmark at $67.78

by Akpan Edidong
February 16, 2026
0

Global oil prices remained relatively stable on February 16, 2026, as traders assessed ongoing diplomatic efforts between the United States...

Oil Marketers Dismiss Claims of Dangote Refinery Selling Fuel in Dollars

Dangote Refinery Achieves Full 650,000 bpd Capacity After Rigorous Testing

by Akpan Edidong
February 12, 2026
0

The Dangote Petroleum Refinery has officially reached its nameplate capacity of 650,000 barrels per day (bpd), cementing its position as...

Next Post

Governor Makinde "Join Politics If You Want Nigeria To Progress"

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

FG Aims to Recoup N553 Billion in Unremitted Taxes from International Petroleum Shipping Companies

FG Targets N800 Billion in February Bond Auction, Doubling Last Year’s Offer Amid High Borrowing Costs

February 17, 2026
Nigerian Equity Market Sees Impressive N1.08tn Wealth Gain Amidst Bullish Trading.

NGX All-Share Index Breaks 190,000 Barrier, Market Cap Surges by N5.1 Trillion in Single-Day Rally

February 17, 2026

Popular Story

  • Gold Rebounds Above $5,000 as Dollar Weakens and Geopolitical Risks Linger

    0 shares
    Share 0 Tweet 0
  • Nigeria’s Headline Inflation Eases Marginally to 15.10% in January 2026, Driven by Sharp Food Price Declines

    0 shares
    Share 0 Tweet 0
  • Nigeria’s DMO Targets N800 Billion in February Bond Auction as Yields Hover Near 20%

    0 shares
    Share 0 Tweet 0
  • FG Targets N800 Billion in February Bond Auction, Doubling Last Year’s Offer Amid High Borrowing Costs

    0 shares
    Share 0 Tweet 0
  • kms tools office 2024 ✓ Activate Microsoft Office Easily ➔ Step-by-Step Guide

    0 shares
    Share 0 Tweet 0
RateCaptain

RateCaptain

We bring you the most accurate in new and market data. Check our landing page for details.

  • Home
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Disclaimer
  • Cookie Policy
  • Contact Us

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

No Result
View All Result
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

RateCaptain
Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  • Manage options
  • Manage services
  • Manage {vendor_count} vendors
  • Read more about these purposes
View preferences
  • {title}
  • {title}
  • {title}
?>