India News: NEW DELHI: The most significant among the deliverables envisaged in the historic summit of leaders of the Quad countries is a coronavirus vaccine init.
Quad summit to announce vaccine initiative with India s manufacturing in focus
India has been playing a major role in terms of providing covid vaccines to the global community and so far sent vaccines to 69 countries. File photo: IANS
Updated: Mar 12, 2021, 05:54 PM IST
A mega Quad vaccine initiative, with India as the key, will be one of the main outcomes of the first-ever Quad grouping s leadership summit. The leaders of the Quad Indian PM Narendra Modi, Australia s PM Scott Morrison, Japan s PM Yoshihide Suga, and US President Joe Biden will be meeting at 7 pm IST virtually.
Sources told WION that the Quad vaccine initiative will basically function as Vaccines developed in the US, manufactured in India, financed by Japan and US, and supported by Australia and will allow new manufacturing capacity to be added in India for exports to the Indo-Pacific region.
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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