File photos of Joe Biden and Narendra Modi.
The vaccine initiative will allow new manufacturing capacity to be added in India for exports to the Indo-Pacific region.
Even as leaders of four countries — India, Japan, US and Australia — gather for the first online summit of the Quad group of nations, it is being learnt that as part of deliverables envisaged, vaccines developed in the US will be manufactured in India.
US President Joe Biden, Australian Prime Minister Scott Morrison and Japan Prime Minister Yoshihide Suga will come together for the summit on Friday.
The initiative will mean that vaccines developed in the United States will be manufactured in India and it will be financed by Japan and US. It will be supported by Australia.
The vaccine initiative will allow new manufacturing capacity to be added in India for exports to the Indo-Pacific region. It is aimed at countering China in the region.
This will not impinge on India’s existing manufacturing capacities.
The Quad summit will also committ to a free, open, inclusive and resilient Indo Pacific region and one of the most important aspects of that would be safe and effective vaccines in the region during the pandemic.