• हिन्दी
  • ગુજરાતી
  • বাংলা
  • తెలుగు
  • मराठी
  • ಕನ್ನಡ
  • money9
  • Insurance
  • Saving
  • Mutual Funds
  • Mirae Asset MF
  • Breaking Briefs
downloadDownload The App
Close
  • Home
  • Videos
  • Podcast
  • Banking
  • Bulletin
  • Gold
  • Healthcare
  • Real Estate
  • Tax
  • Travel
  • Survey 2023
  • Survey Report
  • Breaking Briefs
  • Insurance
  • Savings
  • Loan
  • Crypto
  • Investment
  • Mutual Funds
  • Real Estate
  • Tax
  • Exclusive
  • Home / Covid Update

More pharma firms should be allowed to make vaccine: Nitin Gadkari

There are two vaccine makers in the country currently -- Bharat Biotech and Serum Institute of India -- which are manufacturing Covaxin and Covishield, respectively

  • Press Trust of India
  • Last Updated : May 18, 2021, 20:35 IST
  • Follow
नितिन गडकरी
  • Follow

New Delhi: Union Minister Nitin Gadkari on Tuesday suggested that more pharma companies should be allowed to make the Covid-19 vaccine in the country during the pandemic to scale up production.

Addressing Vice-Chancellors of Universities in India virtually, Gadkari said he will also request Prime Minister Narendra Modi to bring a law for allowing more pharma companies to manufacture life-saving drugs by paying 10% royalty to the patent holder of the drug.

“If the demand of vaccine is more than its supply creates a problem. So, instead of one company, 10 more companies should be allowed to make vaccines by paying 10% royalty to the original patent holder of the vaccine,” he said.

Recently, Delhi Chief Minister Arvind Kejriwal had written to the Prime Minister, saying the Centre should share the vaccine formula of the two manufacturers with other capable pharmaceutical companies to scale up production in the country.

There are two vaccine makers in the country currently — Bharat Biotech and Serum Institute of India — which are manufacturing Covaxin and Covishield, respectively.

These two firms can be given royalty from the profit of other companies for the use of their original formulas, Kejriwal had said.

Only three vaccines have so far been approved to be sold in India — Covaxin, Coveshield and Sputnik V. Sputnik V has been approved to be imported from Russia by Dr Reddy’s but is yet to be widely available in the country.

The road transport and highways minister lamented that India still has to import raw material for making medicines.

“We want to make Atmanirbhar Bharat…All districts of India should be self-reliant for medical oxygen,” he said, adding that India’s health sector is facing a deep crisis. “We should try to remain positive and self-confident during the pandemic,” he noted.

India’s Covid-19 death toll climbed to 2,78,719, according to the Union Health Ministry data updated on Tuesday. The country reported 2,63,533 new cases in a span of 24 hours, taking the total tally of COVID-19 cases to 2,52,28,996.

Published: May 18, 2021, 20:35 IST

Download Money9 App for the latest updates on Personal Finance.

  • Covaxin
  • Covid vaccine
  • COVID-19 vacccine

Related

  • Covid first wave led to increase in antibiotic misuse in India: Study
  • Centre rushes teams to six states reporting a high number of Covid cases
  • Covid-19: India records 46,617 new cases; national recovery rate crosses 97%
  • India’s medical infrastructure well prepared to deal with possible third Covid wave, says FM
  • Karnataka makes RT-PCR negative report, vaccine certificate must for Kerala travellers
  • National Doctors’ Day: Over 1500 doctors sacrificed their lives in fight against Covid-19

Latest

  • 1. Know the correct way to get KYC done!
  • 2. Why health insurance claim gets rejected?
  • 3. Power to Respond!
  • 4. What is Asset Under Management?
  • 5. No Worries on Medical Expenses!
  • Trending Stories

  • DGCA प्रमुख ने सुचारू उड़ान संचालन सुनिश्चित करने के लिए पायलटों से मांगा सहयोग
  • रेपो दर में कटौती से घर के लिए कर्ज होगा सस्ता, मांग बढ़ेगी: रियल एस्टेट
  • मीशो के 5,421 करोड़ रुपये के आईपीओ को दूसरे दिन मिला 7.97 गुना अभिदान
  • इंडिगो को अगले साल 10 फरवरी तक उड़ान संचालन पूरी तरह बहाल होने की उम्मीद
  • Indigo की 200 से ज्यादा फ्लाइट रद्द, हजारों पैसेंजर फंसे
  • TV9 Sites

  • TV9 Hindi
  • TV9Telugu.com
  • TV9 Marathi
  • TV9 Gujarati
  • TV9 Kannada
  • TV9 Bangla
  • TV9 English
  • News9 Live
  • Trends9
  • Tv9tamilnews
  • Assamtv9
  • Malayalamtv9
  • Money9 Sites

  • Money9 Hindi
  • Money9 English
  • Money9 Marathi
  • Money9 Telugu
  • Money9 Gujarati
  • Money9 Kannada
  • Money9 Bangla
  • Money9live
  • Topics

  • Insurance
  • Savings
  • Loan
  • Stocks
  • Mutual Funds
  • Real Estate
  • Tax
  • Crypto
  • Exclusive
  • Follow us

  • FaceBook
  • Twitter
  • Youtube
  • Instagram
  • Linkedin
  • Download App

  • play_store
  • App_store
  • Contact Us
  • About Us
  • Advertise With Us
  • Privacy & Cookies Notice
  • Complaint Redressal
  • Copyright © 2025 Money9. All rights reserved.
  • share
  • Facebook
  • Twitter
  • Whatsapp
  • LinkedIn
  • Telegram
close