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Central Government/Public Sector | Not Classified - india | PID: 195085
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The Central government has approved a payment of about Rs 4,500 crore to vaccine makers like the Serum Institute of India, Pune (SII) and Bharat Biotech against future supplies
SII will supply 200 million doses and Bharat Biotech is to supply another 90 million doses to the government by July 2021 at a pre-agreed rate of Rs 150 per dose
The Ministry of Finance has relaxed rules to allow advance payment without bank guarantee to help the vaccine makers ramp up production
SII will get Rs 3,000 crore in advance and Bharat Biotech about Rs 1,500 crore
Under Phase-III of its vaccination strategy, manufacturers will be required to supply 50 percent of their monthly doses to the government and the rest to state governments or the open market
| Updated on: 20 - Apr - 2021
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