Serum Institute of India to invest 240 million in UK

May 2021 \ Business & Investment \

Serum Institute of India to invest 240 million in UK

The Serum Institute of India (SII) will invest 240 million pounds ...

Poonawalla said his company has received orders for 26 crore doses from the Indian government. “As of today, we received total orders of over 26 crore doses of which we supplied more than 15 crore doses. We have also got 100 per cent advance of Rs 1,732.50 crore by GoI for the next tranche of 11 crore doses in the next few months. Another 11 crore doses would be supplied in the second channel for states and private hospitals in the next few months,” Poonawalla said in a statement. The Financial Times had reported Poonawalla as saying that vaccine shortage could continue in India till July. The production is expected to increase from about 60 million-70 million doses a month to 100 million in July, Poonawalla was quoted as saying in the report.