March 13, 2021 Biological E Ltd's vaccine plant at Shamirpet× Announcement in line with Quad leaders decision to work together on vaccine production, distribution In a major boost to India’s vaccine production drive, the US International Development Finance Corporation (DFC), the country’s development bank, has announced that it will finance Indian manufacturer Biological E Ltd’s effort to produce at least 1 billion doses of Covid-19 vaccines by the end of 2022 which will also include Johnson & Johnson vaccines. This is in line with the Quad leaders’ decision on Friday to work together to develop and distribute Covid-19 vaccines to wipe off the pandemic from the world. The Quad Summit was attended by Prime Minister Narendra Modi, US President Joe Biden, Australian PM Scott Morrison and Japanese PM Yoshihide Suga.