India on Thursday pledged USD 15 million to the international vaccine alliance Gavi, the Prime Minister’s Office said.
The amount was pledged as Prime Minister Narendra Modi addressed the virtual Global Vaccine Summit hosted by British Prime Minister Boris Johnson in which over 50 ?countries – business leaders, UN agencies, civil society, government ministers, heads of state and country leaders participated.
In his address, Modi said India stands in solidarity with the world in these challenging times, according to a statement from the PMO.
He said the COVID-19 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 that by helping others we can also help ourselves, according to the statement.
Modi said India has a vast population and limited health facilities and that it understands the importance of immunisation.
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 neighbourhood.
Modi said New Delhi also provided specific support to countries that sought it, while also protecting India’s own vast population.
India is also the world’s foremost producer of vaccines and that it is fortunate to contribute to the immunization of about 60 per cent of the world’s children, he pointed out. Modi said India recognises and values the work of Gavi, that is why it became a donor to Gavi while still being eligible for Gavi support.
He said India’s support to Gavi is not only financial. India’s huge demand also brings down the global price of vaccines for all, saving almost USD 400 million for GAVI over the past five years. Gavi, the Vaccine Alliance, helps vaccinate half the world’s children against deadly and debilitating diseases, according to its Twitter handle.