3 ms·
Sorry that is misinformation. The article you have quoted is also completely incoherent. What is the point of comparing dates of when India placed first order w
by KorematsuFred 5y ago
Sorry that is misinformation. The article you have quoted is also completely incoherent. What is the point of comparing dates of when India placed first order with when UK targets complete vaccination ?
- The Indian government had never placed a substantial order or prepaid for an order to the SII in order to ramp up production until the numbers started spiking.
India had placed order for 14M vaccines in January. an by March 16 had placed order for around 120M vaccines. Cases spiked after that.
- The SII at one point was running out of storage space so they resorted to selling to western countries at higher margin to free up some space and get more capital.
The space has nothing to do with the exports. SII is obligated to export vaccines as per their licensing terms with AZ. (Indian government might engage in coercion and prevent them from honoring it, but that is a different tale).
> https://i.redd.it/r4ybk9b3w3u61.jpg https://i.redd.it/r4ybk9b3w3u61.jpg
This article is some kind of shoddy job of stiching unrelated facts to create a story.
Indian government made a major goof up. They put unreasonable price controls on the vaccine manufacturer and harassed a lot of people involved in the process. With low price controls there was no way for SII to raise capital, not to mention their gamble of stockpiling vaccines did not pay off because of that. Indian government passed down the responsibility of subsidizing the vaccine to SII instead of taking it on itself.
Some government folks even openly wondered why GoI should even bother paying SII. This is the old socialist mentality.