Budget 2021 | Rs 35,000 Crore Allotment For COVID-19 Vaccination Brings Cheers To Vaccine MakersPage Visited: 18
Finance Minister Nirmala Sitharaman’s announcement of Rs 35,000 crore for COVID-19 vaccines. The quantum of outlay for COVID-19 vaccines not just brought cheer but surprised many health experts.
“I have provided Rs 35,000 crores for Covid-19 vaccine in budget estimates 2021-22. I am committed to providing further funds if required,” Sitharaman said.
The Finance Minister said that two or more COVID-19 vaccines will be available soon.
The Rs 35,000 crore outlay for COVID-19 vaccination lays down a roadmap of the central government to vaccinate more than 50-60 cr population of India in FY 2021-22, said Hitesh Sharma, Tax Partner and Life Sciences leaders, EY India
Adar Poonawalla, CEO, Serum Institute of India (SII) called the spending on healthcare infrastructure and vaccine by countries the best bang for their buck.
“Investments in these areas have prevented hospitalizations and resulted in a healthier and more productive workforce, thereby leading to an efficient economy. Therefore we welcome the FM’s emphasis on healthcare spending, and immunization especially for COVID-19 and the pneumococcal vaccines as this will help India recover rapidly from this pandemic,” Poonawalla added.
SII’s COVID-19 vaccine Covishield is now widely deployed to vaccinate healthcare workers in India, and the company is also expected to roll out the Novavax COVID-19 vaccine in India in the next few months. The government decision to expand the pneumococcal vaccine rollout from 5 states at present, to across the country, using the Made in India product is also expected to benefit SII.
Bharat Biotech, which’s also distributing its COVID-19 vaccine Covaxin in India also welcomed the FM announcement.
“It’s a great step ahead, and far-reaching budget announcement, providing ₹35,000 crore for Covid-19 vaccination in 2021-22,” said.
Krishna Ella, Chairman & Managing Director, Bharat Biotech.
“The Finance Minister commitment providing more funds in order to contain the Coronavirus pandemic spread in the country and provide an effective, smooth path for the vaccination scheme will help contain, and lead our nation towards accomplishing a covid-19 disease-free Bharat,” Ella said.