India needs Rs 5000 crore investment to produce 130 crore COVID vaccines: Zydus Cadila Chairman
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New Delhi: As the world waits expectantly for COVID-19 vaccine, Zydus Cadila Chairman Pankaj R Patel said India would need to invest between Rs 3,000-5,000 crore to create additional facilities for making a huge number of vaccines required for the Indian population. He also said that the vaccine alone is not the solution to the COVID-19 problem.
"... If India has to produce and deliver 130 crore doses to Indian people in one year time, my opinion is that India would need to invest in manufacturing facilities to the extent of roughly Rs 3,000 to Rs 5,000 crore to create additional capacity to make it happen," Patel said.
These vaccines are coming from a very difficult platform, and as a result, the cost of the vaccine is going to be significantly higher compared to many other vaccines, so there is going to be a requirement to think about how are we going to fund this, he said in a panel discussion on 'Race for COVID Vaccine: More than just a Cure' at an AIMA event.
Emphasizing that while the vaccine will play an important role in the control of the pandemic, Patel said: "Vaccine alone in my opinion is not the solution to the problem. We need the vaccine and also we need more treatment protocols to make sure we are able to take care of it, because I think the way the vaccine trials are designed currently globally, there is not going to be a possibility of immunity in 100 per cent of people."
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