ANI | Updated: Mar 12, 2021 14:34 IST
New Delhi [India], March 12 (ANI): As the world remains in the grip of Covid-19, economic recovery and quick vaccine production will be the focal point of discussion among leaders of four large democracies India, the US, Japan, and Australia who are scheduled to meet at the first-ever Quad meet today.
Quadrilateral Security Dialogue (Quad), is a strategic forum comprising India, the US, Japan, and Australia.
Sources familiar with the development told ANI, The most significant among the deliverables envisaged for the summit is the vaccine initiative. COVID vaccines will be developed in the US, manufactured in India, financed by Japan and the US, and supported by Australia. The vaccine initiative will allow new manufacturing capacity to be added in India for exports to the Indo-Pacific region. It will not impinge on our existing manufacturing capacities.
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Quad Summit: PM Modi, US President Joe Biden, Australian PM Scott Morrison and Japanese PM Suga to meet virtually.
Prime Minister Narendra Modi, United States President Joe Biden, Australian PM Scott Morrison and Japanese PM Yoshihide Suga on Friday engaged for the first time in the historic QUAD summit and discussed issues like coronavirus, regional security, economic crisis, climate change, others. In their first-ever summit, leaders of the Quad countries finalised a landmark initiative under which
huge investments will be made in India to create additional production capacities for the export of doses of COVID-19 vaccines to the Indo-Pacific region, seen as an effort to counter China s expanding vaccine diplomacy. US National Security Advisor Jake Sullivan informed that Quad leaders will also hold an in-person summit later in 2021.Â