@skoka123 Govt. gave ~inr3000Cr. to SII. So, they are setting up a ukp230mn vaccine manufacturing plant in UK.
Dude went to UK saying he was afraid of netas threaten begging him for vaccines, but announced vaccine manufacturing plant in UK and wanted to come back immediately.
Lot of macro level politics going behind this pandemic.
That is problem with facts. You need to get them right. Did you not learn it from AS. Pehle Chronology samjho!
Govt should have invested mid last year. Govt gave SII the money now.
The government
announced 3,000 Cr after SII had been asking for it. The 3,000 cr is not for new plant. It is for repurposing existing production lines and possibly some new capacity. The govt sat on it until it was too late. Had the govt spent 20K on Vaccines (Capacity + foreign order + funding research) last year we would not have been in this state. This is exactly what US and UK did. What did our govt do? Donate 60 million doses on image building of one dictator instead of stocking up for ourselves and help procure more.
BTW, of the 3,000 Cr only 1700 Cr have been given to SII as of new reports from 3 days ago. As far investment in UK, what is wrong with it? SII is company with 10 Billion Dollar valuation. They, like any other company, would like to expand wherever they see potential. What you need to understand is that it is not
the 3K cr that is being invested in UK. It is not like SII does not have 3K Cr to expand and divert their production towards CoviShield. The question is Why should a for profit private company incur the additional cost when govt is fixing the price? 3K Cr is for viability gap funding. Meaning, that is the loss SII would incur if they were to repurpose all their production lines to CoviShield.