Over Rs 900 Crore Contributed By Finance Ministry For Covid Vaccine: Official

More than Rs 900 crore was given by Finance Ministry for vaccine development to vaccine manufacturers, innovators, researchers and scientists.

Over Rs 900 Crore Contributed By Finance Ministry For Covid Vaccine: Official

The Union Finance Ministry contributed over Rs 900 crore to COVID vaccine development, said an official.

New Delhi:

The Union Finance Ministry contributed more than Rs 900 crore to COVID vaccine development under 'Mission COVID Suraskha' resulting in India becoming a leader in vaccine production, said a top official.

Sajjan Kumar Yadav, IAS, who is serving as the Additional Secretary, Expenditure Department at the Ministry of Finance, wrote a book named India's Vaccine Growth Story - From Cowpox to Vaccine Maitri. The book was launched on Wednesday at an event attended by Union Finance Minister Nirmala Sitharaman.

Speaking to ANI, Mr Yadav said, "Union Finance Ministry had a huge role in COVID vaccine development and under Prime Minister Narendra Modi's leadership, the Union Finance Minister approved Mission Covid Suraksha where more than Rs 900 crore was given for vaccine development to vaccine manufacturers, innovators, researchers and scientists which resulted in a large pool of vaccines now available with India."

Talking about the book, he said the story behind the production of every vaccine is fascinating and should be told to everyone.

"Everyone knows that how vaccines protect us against disease but the story behind every vaccine is also worth narrating. There was a time when scientists develop a vaccine and then used to conduct trials on themselves and other family members. Many know that Edward Jenner invented the vaccine but our country has been practising immunisation since 380 BC and it was called Variolation. It was practised during smallpox. India's vaccine production has interesting stories. Earlier, we used to import and now we are making 62 per cent of the vaccine in the world. It has great stories and I want them to reach all," he said.

Elaborating his views on how India became a global leader in vaccine production and especially during the COVID pandemic, Mr Yadav said, "Vaccination started with cowpox and it was derived from cow. Initially, vaccines used to come from England but in a few years, good government policies turned India into a major vaccine producer. Every two out of three children in the world is vaccinated with India-made vaccines. During the lockdown, the world was pinning hopes on India for vaccines."

Speaking at the book launch event, Finance Minister Sitharaman said that the book essentially captures the "whole Government" approach, the untiring efforts of India's scientists, entrepreneurs and health experts, accelerated regulatory approach and liberal financial support towards readying two India-made vaccines.

"The book also dwells on the changed perception of the world towards a new India, which is leading the globe in many areas. Vaccines are one such sector where India has become an undisputed leader. India now has multiple COVID-19 vaccines in its repository, including the world's first DNA vaccine which will usher in a new era in the development of DNA vaccines against many diseases," she said.

Finance Secretary TV Somanathan said that the book is written in a lucid and non-technical way, with anecdotes that make it very interesting to read. "Yadav has treated a very dry subject and made it interesting to read even to a layman," said Mr Somanathan.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)