Government mulls duty relief for imported COVID-19 vaccines
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The official said supplies are being monitored by top policymakers as vaccination is seen as one of the key ways of containing the second wave. Imports will be eased and any facilitation, such as duty relaxation, is being examined, the official said.
AP
Serum Institute of India has sought ₹3,000 crore in support to enhance production. Bharat Biotech has asked for ₹100 crore to do the same.
The government is considering the removal of basic customs duty on Covid-19 vaccine imports and working to secure multilateral funding assistance to domestic manufacturers, measures aimed at boosting supplies. India vaccinated 2.65 million people on Tuesday, the lowest in almost two weeks as many states experienced shortages and infections scaled another record.
Updated Apr 15, 2021 | 09:29 IST
On Wednesday, India reported approximately 2 lakh new Covid-19 cases with the daily case count almost twice in mere10 days. Govt considers customs duty waiver for imported Covid vaccines. | Photo Credit: BCCL
New Delhi: Grappling with a rapid spike in the number of coronavirus cases, the Centre is reportedly planning the removal of basic customs duty on Covid-19 vaccine imports and making efforts to get multilateral funding aid to domestic manufacturers in an earnest attempt to boost supplies. On Wednesday, India reported approximately 2 lakh new Covid-19 cases with the daily case count almost twice in mere10 days.
ET Healthcare/Biotech NEWS
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Govt may help India s Covid vaccine cos get IFC, ADB funds: Economic affairs secretary Tarun Bajaj
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Govt may help India s Covid vaccine cos get IFC, ADB funds: Economic affairs secretary Tarun BajajBy
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Private vaccine manufacturers Serum Institute of India and Bharat Biotech have sought ₹100 crore financial support from the government to boost capacity to meet demand as the vaccination programme is expanded.
Bajaj ruled out the imposition of another nationwide lockdown in the face of a second Covid wave
The government could help India’s vaccine makers get funding assistance from the International Finance Corporation or Asian Development Bank to lift capacity, said revenue and economic affairs secretary Tarun Bajaj.