India pledged 15 Million US Dollars to Gavi, the international vaccine alliance.

New Delhi: Prime Minister Narendra Modi addressed the virtual Global Vaccine Summit today. The summit was hosted by UK Prime Minister Boris Johnson in which over 50 ​countries – business leaders, UN agencies, civil society, government ministers, Heads of State and country leaders participated.

India pledged 15 Million US Dollars to Gavi, the international vaccine alliance.

In his address, PM Modi said that India stands in solidarity with the World in these challenging times.

He said that India’s civilization teaches to see the world as one family and that during this pandemic it had tried to live upto this teaching. He said India did it so by sharing the country’s available stocks of medicines with over 120 countries, by forging a common response strategy in its immediate neighborhood and by providing specific support to countries that sought it, while also protecting India’s own vast population.

Prime Minister said the COVID19 pandemic, in someways, has exposed the limitations of global cooperation and that for the first time in recent history, the human kind faces a clear common enemy.

Referring to Gavi, he said it is not just a global alliance but also a symbol of global solidarity and a reminder of that by helping others we can also help ourselves.

He said India has a vast population and limited health facilities and that it understands the importance of immunization. Prime Minister elaborated that India had digitized its entire vaccine supply line and developed an electronic vaccine intelligence network to monitor the integrity of its cold chain.

Prime Minister said that India is also the World’s foremost producer of vaccines and is fortunate to contribute to the immunization of about 60 percent of the World’s children. He added further that India recognizes and values the work of GAVI, that is why it became a donor to GAVI while still being eligible for GAVI support.

Prime Minister said India’s support to GAVI is not only financial but that India’s huge demand also brings down the Global price of vaccines for all, saving almost 400 Million Dollars for GAVI over the past five years.