India's Serum Institute asks government for $403mln to boost AstraZeneca vaccine output

It is seeking the money to ramp up monthly production to more than 100 million doses by the end of May

  
A health worker prepares a dose of the Oxford-AstraZeneca coronavirus disease (COVID-19) vaccine, marketed by the Serum Institute of India (SII) as COVISHIELD, in Guatemala City, Guatemala March 10, 2021.

A health worker prepares a dose of the Oxford-AstraZeneca coronavirus disease (COVID-19) vaccine, marketed by the Serum Institute of India (SII) as COVISHIELD, in Guatemala City, Guatemala March 10, 2021.

Reuters/Luis Echeverria

NEW DELHI- The Serum Institute of India, the world's biggest vaccine manufacturer, has asked the government for a grant of 30 billion rupees ($402.97 million) to increase its capacity to make AstraZeneca's AZN.L COVID-19 vaccine.

It is seeking the money to ramp up monthly production to more than 100 million doses by the end of May, the government said in a statement on Wednesday, noting output was currently around 65-70 million doses a month.

The company is making vaccine doses for dozens of mainly poorer countries, though it has supplied Britain, Canada and Saudi Arabia due to AstraZeneca production issues elsewhere.

About 90% of the 86 million doses India has administered since mid-January have come from the institute, with the rest accounted for by a domestic vaccine developed by Bharat Biotech, which is also struggling to boost output.

Some Indian states have complained of a vaccine shortage even though immunisations are currently limited to front-line workers and people aged over 45, or 400 million of India's 1.35 billion people. 

($1 = 74.4480 Indian rupees)

(Reporting by Krishna N. Das; Editing by Kirsten Donovan) ((Krishna.Das@tr.com; +91 987111 8314;))

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