The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

UPDATE 4-India tells overseas vaccine buyers it has to prioritise local needs

Fri, 26th Mar 2021 04:08

* India tells foreign partners domestic vaccine demand
rising

* Inoculation campaign to include more people beyond those
aged 45

* Daily infections hit five-month high in India, deaths rise
(Updates with fresh measures in Maharashtra state)

By Neha Arora and Rajendra Jadhav

NEW DELHI, March 26 (Reuters) - India, the world's biggest
vaccine maker, said on Friday it would make domestic COVID-19
inoculations a priority as infections surge and had told
international buyers of its decision.

Reports that India will delay deliveries of AstraZeneca's
COVID-19 vaccine to a global programme to inoculate poorer
countries triggered alarm on Thursday, with the head of Africa's
disease control agency describing the continent as
"helpless".

India has exported 60.5 million doses, more than the number
of inoculations conducted at home, and says there is no outright
ban on exports.

"In the coming weeks and months ... obviously there will be
a demand spike and obviously people are preparing for it,"
Subrahmanyam Jaishankar, the minister of external affairs, told
the Times Network's India Economic Enclave.

"In many cases, we have told our international partners that
... COVID rates are going up in India, we are expanding our own
vaccination ambit, so we are sure you will understand that at
this time we have to purpose it much more focused at where we
are."

The Gavi alliance said in a statement that the COVAX
vaccine-sharing facility had notified all affected economies of
potential delays of exports by the Serum Institute of India
(SII).

India is diverting more supplies from SII to inoculations at
home. Its other vaccine maker, Bharat Biotech, is struggling to
boost output.

"SII has pledged that, alongside supplying India, it will
prioritize the COVAX multilateral solution for equitable
distribution," Gavi said.

COVAX is a global vaccine allocation plan co-led by the
World Health Organization and partners including the Gavi
alliance.

India on Friday reported 59,118 new infections, taking its
tally to 11.85 million. The death toll rose by 257 to stand at
160,949.

Everyone above 45 in India is eligible for vaccination from
April 1 and the government is considering including more people
after new infections nearly quadrupled this month.

"The government is already planning to widen the umbrella of
COVID-19 vaccine beneficiaries in the near future to cover other
sections of our population," Health Minister Harsh Vardhan told
a virtual summit organised by the Economic Times newspaper.

India has injected 55 million vaccine doses, the third
highest figure after the United States and Brazil, although much
lower as a proportion of its population of 1.35 billion, the
website Our World in Data showed.

The western state of Maharashtra, hardest hit by a
resurgence in cases, has warned of vaccine shortages and imposed
lockdowns in some towns.

Maharashtra Chief Minister Uddhav Thackeray said the state
government would impose a night curfew from Sunday to stem the
spread of the coronavirus, and authorities could also impose
local lockdowns in some districts after informing people in
advance. In another measure, the state will shut shopping malls
from 7 p.m. until 6 a.m. local time.

Thackeray said although his government has beefed up
health-care facilities, rising coronavirus cases could overwhelm
hospitals.

Maharashtra's Pune district on Thursday reported a record
6,427 new cases, the highest in the country.

"If the current surge in coronavirus cases remains there for
the next few days, there will be no option but to impose a
strict lockdown in Pune from April 2," Maharashtra's deputy
chief minister, Ajit Pawar, told a news conference.

Separately, a fire in one hospital near Mumbai killed at
least nine coronavirus patients.

(Global vaccination tracker: https://graphics.reuters.com/world-coronavirus-tracker-and-maps/vaccination-rollout-and-access/)

(Interactive graphic tracking global spread of coronavirus:
https://graphics.reuters.com/world-coronavirus-tracker-and-maps/)

(Reporting by Neha Arora; Additional reporting by Shilpa
Jamkhandikar and Mayank Bhardwaj; Editing by Krishna N. Das,
Nick Macfie and Jonathan Oatis)

Related Shares

More News
22 May 2024 09:53

LONDON BROKER RATINGS: Barclays cuts NextEnergy but lifts JLEN

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and on Tuesday:

22 May 2024 02:00

British firms expecting hard time in China market, lobby group warns

BEIJING, May 22 (Reuters) - British firms expect doing business in China to become harder over the next five years, a British business lobby group s...

21 May 2024 19:00

Sector movers: Stocks slip amid light profit-taking

(Sharecast News) - Stocks ended a tad lower as investors waited on a raft of US central bank speakers scheduled for after the close of markets in Lond...

21 May 2024 17:20

Europe's STOXX 600 ends lower as rate uncertainty prevails

Focus on Fed minutes, Nvidia earnings *

21 May 2024 17:04

LONDON MARKET CLOSE: London dips as eyes turn to UK inflation reading

(Alliance News) - Stock prices in London closed in the red on Tuesday, as investors nervously eye a key UK inflation reading, which could prompt the B...

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.