Thre peoposed project will support Biological E. Limited to exapnd its pharmaceutical operations and vaccine manufacturing capability in Hyderabad, India, including manufacturing of COVID-19 vaccines for distribution across India and other developing countries and financing three fill-and-finish lines.
The project is expected to have a highly developmental impact in India by expanding COVID-19 vaccine manufacturing at two existing production sites in the country for the purpose of ramping up urgently needed COVID-19 vaccine doses. Project funds will support ramping up the capacity of the company including installation and validation of three fill-finish vaccine manufacturing lines, with potential capacity to vaccinate a substantial share of the Indian population, as well as supply potential future export demand.
Despite India being a world leader in vaccine production, insufficient COVID-19 vaccine production has contributed to low vaccination rates in the country. By July 2021, only a small share of Indians was fully vaccinated, while the country had suffered the highest number of confirmed deaths from the pandemic.
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