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."