US Development Finance Corporation chief to visit India to boost vaccine manufacturing

Asia's Tech News Daily

#coronavirus, #Covid-19, #Current Affairs, #India, #US Development Finance Corporation

Sputnik V vaccine. HAZEM BADER / AFP

The head of the US International Development Finance Corporation would be visiting India later this month as part of the Quad’s efforts to boost vaccine manufacturing.

The United States International Development Finance Corporation (DFC) is a state-run development finance institution, which invests in development projects primarily in lower- and middle-income countries.

Leading a high-powered delegation, DFC Chief Operating Officer (COO) David Marchick would travel to India from October 24 to 26.

In Hyderabad, the delegation will visit the offices of the Indian vaccine manufacturer Biological E and participate in a signing ceremony to open a new facility with substantial capacity for vaccine manufacturing, an official release said.

“This work is in support of the historic commitment set out by President (Joe)Biden and his counterparts in the ‘Quad’ – Australia, India, Japan and the United States,” the DFC said in a statement.

Marchick would travel to India after his visit to South Africa beginning October 18. The travel to South Africa and India is to advance DFC investments helping boost global health and expand COVID-19 vaccine production capacity throughout the developing world.

DFC Vice President of Development Credit Jim Polan and other DFC senior staff will accompany the COO.

During the South Africa tour, the DFC delegation will visit Africa Data Centres, a DFC client that is developing and expanding critical technology infrastructure throughout Africa. The delegation will tour the sterile facilities of Aspen Pharmacare, Africa’s largest pharmaceutical manufacturer, in Gqeberha (formally known as Port Elizabeth), as well as meet with other pharmaceutical manufacturers critical to the COVID-19 response, a media release said.

“Since day one of the Biden administration, President Biden has stated that the only way to defeat COVID-19 is to end the pandemic both at home and abroad by vaccinating Americans at home and non-Americans abroad,” the DFC said.

The US has committed to donate 1.1 billion doses of Covid vaccines worldwide and has already shipped nearly 200 million doses to developing countries – more doses than the rest of the world combined, it said.

Internet Explorer Channel Network
Asia's Tech News Daily
News Related

OTHER NEWS

Very large' number of Indians may be protected from Omicron: Eminent virologist Shahid Jameel

Shahid Jameel, director of the Trivedi School of Biosciences, Ashoka University, declined to give a reason for his resignation. (Image: Wikimedia Commons) A”very large” number of Indians are likely to remain protected ... Read more »

Farm Bills Repealed | Will this change political equations in Western Uttar Pradesh?

Farmers protest after a car owned by Junior Home Minister Ajay Mishra ran over protesting farmers in the Uttar Pradesh town of Lakhimpur Kheri and killed 4 farmers, officials and ... Read more »

Tourism, hospitality, airline stocks climb, shrug off Omicron worries

After a week of battering, tourism and hospitality stocks unlocked a recovery on November 30, shrugging off concerns over the Omicron variant of the coronavirus that triggered worries about the ... Read more »

HCL's valuation discount to peers widens. Is it a good buying opportunity?

NEW DELHI: With just 19 per cent gains year-to-date, HCL Tech has been an underperformer in the IT pack. Peers have seen healthier rallies in the period: Wipro rose 62.5 ... Read more »

Rajya Sabha Chairman M Venkaiah Naidu rejects request to revoke suspension of 12 Opposition MP's

File image Rajya Sabha Chairman M Venkaiah Naidu on November 30 refused to revoke the suspension of twelve members of parliament (MPs). The members were suspended for ‘unprecedented acts of ... Read more »

Outlook for Indian banks is stable, says Moody's

Outlook for Indian banks is stable as a likely pick up in lending growth in a supportive policy environment is expected to drive credit cost down, Moody’s Investors Service said. ... Read more »

Ini Skenario Pelaksanaan Umrah

© Anggi Tondi Martaon Yaqut mengatakan calon jemaah yang boleh berangkat hanya berusia 18-65 tahun. Jakarta: Indonesia telah diizinkan melaksanakan ibadah umrah. Kementrian Agama (Kemenag) telah menyusun skenario pemberangkatan. “Skenario ... Read more »

BKU president Naresh Tikait welcomes withdrawal of farm laws, demands discussion on MSP

Bharatiya Kisan Union (BKU) national president Naresh Tikait on Tuesday welcomed the Union government’s move to repeal the three farm laws but demanded that discussions be held with the agitating ... Read more »

Siemens: Why analysts see upside capped for this stock

NEW DELHI: Siemens ‘ September quarter results disappointed the Street, with analysts saying the stock did not account for margin pressure in the near future, even though it has re-rated ... Read more »

PM Modi to inaugurate thought leadership forum on FinTec on December 3

Prime Minister Narendra Modi will inaugurate the InFinity Forum, a thought leadership forum on FinTech, on December 3 via video conferencing. The Prime Minister’s Office said the event is being ... Read more »

Coronavirus Update | India reports 6,990 new COVID-19 cases; active cases decline to 1,00,543

Raian Karanjawala feels that post COVID-19, will be an amalgamation of touchy-feely kind of litigation and the new smart work, ‘Zoom call habit’ that has now come into practice. (Image ... Read more »

Efek Pernyataan Jokowi Soal UU Ciptaker Masih Terasa, IHSG Sesi I Naik

© ANTARA FOTO/Galih Pradipta/wsj. IHSG Indeks Harga Saham Gabungan (IHSG) ditutup menguat 0,41 % ke level 6.635,53 pada perdagangan sesi pertama, Selasa (30/11). Penguatan itu masih dibayangi sentimen positif penjelasan ... Read more »

Zmienione obostrzenia w związku z Omikronem. Ukazało się rozporządzenie

© Karol Makurat/REPORTER Zmienione obostrzenia w związku z Omikronem. Ukazało się rozporządzenie Bardziej restrykcyjne limity osób m.in. w kościołach, obiektach sportowych, kinach czy teatrach w związku z pandemią COVID-19 określa ... Read more »

India promises more COVID-19 shots to Omicron-hit Africa after Chinese move

FILE PHOTO: A health official draws a dose of the AstraZeneca’s COVID-19 vaccine manufactured by the Serum Institute of India, at Infectious Diseases Hospital in Colombo NEW DELHI (Reuters) – ... Read more »

Delhi CM Arvind Kejriwal questions delay in banning international flights over Omicron threat

The Omicron variant of COVID-19 was first detected in South Africa. (Representative image: Reuters) Delhi Chief Minister Arvind Kejriwal on November 30 questioned Prime Minister Narendra Modi about the delay ... Read more »

The unraveling of Reliance Capital shows why RBI hates big business in banking

The crisis of confidence that erupted in India’s shadow banking industry in 2018 has claimed its most high-profile casualty yet. In a surprise announcement Monday evening, the central bank said ... Read more »

Focus shifts from residential to commercial property management services in the post-COVID era

After two waves of COVID-19 and with the surfacing of the Omicron strain, facility management services have evolved from providing basic hospitality services to being enablers of concepts such as ... Read more »

The Betel Leaf Co secures $800K from Venture Catalysts, 9 Unicorns, others

NEW DELHI: The Betel Leaf Co (TBLC), a Bengaluru-based dark kitchen, has raised $800k in the seed funding round led by Venture Catalysts and 9 Unicorns. Other co-investors included Amit ... Read more »

Delhi air quality remains very poor; minimum temperature drops to 9.8 degrees Celsius

Delhi’s air quality remained in the very poor category on Tuesday even as the minimum temperature slipped to 9.8 degrees Celsius. The 24-hour average air quality index (AQI) read 329. ... Read more »

ICMR report on South African traveller's sample in 2-3 days: Karnataka Health Minister

The ICMR (Indian Council for Medical Research) report on the sample of one of the two South Africa returnees, who tested COVID-19 positive with features “different from the Delta variant” ... Read more »

Productive use of energy can help in fight against poverty

(Representative Image: AFP) Ending poverty has been a top priority for policy makers across the globe for decades now, as reflected in the United Nations Sustainable Development Goal 1. Pursuant to this, substantive ... Read more »

Cryptocurrency | Virtual currencies are here to stay. Astute regulation is what is required

Cryptocurrency (Representative image) The listing of the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 in the winter session of Parliament was not unexpected given the statements made by ... Read more »

Puluhan Personel Polres Bogor Gerebek Pasar Anyar, Cuma ada yang Berbeda

© JPNN.COM Puluhan Personel Polres Bogor Gerebek Pasar Anyar, Cuma ada yang Berbeda jpnn.com, BOGOR – Puluhan personel Polres Bogor Kota, Jawa Barat diterjunkan dalam operasi penggerebekan. Hanya saja, gerebek ... Read more »

BioNTech Mulai Kembangkan Vaksin untuk Lawan Varian Omicron

© Disediakan oleh Katadata BioNTech mengatakan akan mulai mengembangkan vaksin Covid-19 yang disesuaikan untuk melawan varian Omicron yang ditemukan di Afrika Selatan. Namun, masih belum diketahui apakah harus membuat ulang ... Read more »

Bangun Rumah Mirip Taj Mahal, Pria Ini Buktikan Cintanya pada Istri

© Copyright (c) 2016 TEMPO.CO foto TEMPO.CO, Jakarta – Seorang guru kaya di India telah membangun replika Taj Mahal untuk istrinya. Ia mengatakan rumah baru itu mereka yang luas itu ... Read more »

COVID-19 Update: India's coronavirus case count, vaccination data, other key details

Kerala reported the most new COVID-19 cases at 3,382 in the last 24 hours, followed by Tamil Nadu (730) and Maharashtra (536). (Representative image: Reuters) India reported 6,990 new COVID-19 ... Read more »

India reports 6,990 new Covid cases; active cases decline to 1,00,543

India logged 6,990 new coronavirus infections, the lowest in 551 days, taking the country’s total tally of COVID-19 cases to 3,45,87,822, while the active cases have declined to 1,00,543, the ... Read more »

Police say Florida school did not abuse disabled child over mask dispute

Jeffrey Steele claims a Florida school forced his daughter, Sofia who has a medical mask exemption, to wear a mask by tying it to her head. FOX 35 Orlando A ... Read more »

COVID-19 Vaccine Tracker: Over 78.8 lakh jabs given on November 29

A healthcare worker gives a dose of the COVISHIELD vaccine against the coronavirus disease (COVID-19), manufactured by Serum Institute of India, to a farmer in his field, during a door-to-door ... Read more »

Over 44% households paying Rs 60/kg for tomatoes as prices simmer: Survey

File image As the spiralling prices of vegetables continue to hit the middle class hard, a survey has reported that over 44 percent of Indian households now pay more than Rs ... Read more »

Go Fashion shares make a stellar debut, list at 90% premium

New Delhi: Shares of leading women’s bottom-wear brand Go Fashion made a strong debut on Dalal Street on Tuesday as the scrip was listed at Rs 1,316 on BSE, a ... Read more »

Investors make Rs 3 lakh crore in 15 mins: Factors driving Sensex higher

NEW DELHI: Domestic benchmark equity indices continued to build on gains and climbed further higher on Tuesday as more and more traders were convinced that the Omicron variant will not ... Read more »

Omicron scare: 1,000 travellers from African nations landed in Mumbai in last 15 days; 100 tested, says BMC

At least 1,000 travellers landed in Mumbai in the last fortnight from African countries where the potentially more transmissible ‘Omicron’ variant of coronavirus has been detected, a senior official of ... Read more »

Asian markets rebound from virus-led sell-off

HONG KONG: Asian share markets were trading in positive territory on Tuesday as investors became cautiously optimistic the new Omicron variant might not cause a widespread global economic disruption to ... Read more »

Khawatir Varian Omicorn, India Wajibkan Penumpang Pesawat Dites Covid-19

© Copyright (c) 2016 TEMPO.CO foto TEMPO.CO, Jakarta – India akan mewajibkan pengujian Covid-19 pada saat kedatangan untuk penumpang dari lebih dari selusin negara, termasuk Afrika Selatan dan Inggris. Pengujian ... Read more »

Winter Session of Parliament | Opposition to discuss boycotting entire session or continuing protests on agenda

File image: Parliament The Opposition parties in the Parliament will decide whether to boycott the entire Winter Session of Parliament or continue their protests during House proceedings, at its meeting to ... Read more »

There's no safety in returning to COVID-19 lockdowns

Anthony Fauci said it’s “too early to say” if the new coronavirus variant would lead to more lockdowns. Rod Lamkey / CNP / Polaris The initial reaction from Dr. Anthony ... Read more »

SGX Nifty up 37 points; here's what changed for market while you were sleeping

The domestic equity market is set for a gap-up opening on Tuesday, following a sharp rebound in US stocks in overnight trade. Asian peers were trading mixed, despite the ease ... Read more »

Fed's Jerome Powell sees inflation lingering, risks from COVID-19

At a highly anticipated news conference on November 3, Jerome Powell said the Fed was sticking by its bedrock economic forecast: COVID-19 will eventually fade, which, in turn, will enable ... Read more »

Jakarta PPKM Level 2, Bioskop Beroperasi 70% Kapasitas

© Theofilus Ifan Sucipto Ketentuan itu tercantum dalam Instruksi Menteri Dalam Negeri Nomor 63 Tahun 2021 tentang PPKM Level 3, 2, dan 1 Covid-19 di Wilayah Jawa dan Bali. Jakarta: Bioskop dan ... Read more »
On free-english-test.com you will find lots of free English exam practice materials to help you improve your English skills: grammar, listening, reading, writing, ielts, toeic