Do business on our terms: Indian Govt tells foreign COVID vaccine makers over indemnity issue
New Delhi: Union Health Minister Mansukh Mandaviya on Friday said major foreign pharmaceutical companies manufacturing COVID-19 vaccines were demanding indemnity and sovereign immunity waiver to supply their vaccines in India, but the government made it clear that these firms are welcome to do business here but on "our terms".
He was speaking at the launch of a book titled 'A Nation To Protect – Leading India Through The Covid Crisis' and authored by Priyam Gandhi Mody.
On foreign pharma companies wanting to supply vaccines in India, he said, "From the very beginning, we had clarity that foreign vaccine manufacturing companies are welcome to do business in the country, but it has to be on India's terms," the minister asserted.
He further said the terms and conditions put forth by such foreign companies strengthened the concept and determination of developing indigenous vaccines and increasing the production.
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