Quad meet to announce financing to boost India vaccine output

The four countries that are participating in the meeting are India, United States, Japan and Australia.

Quad meeting that will take place on Friday is planning to announce financing agreements to support an increase in manufacturing capacity for coronavirus vaccines in India, a senior U.S administration official told Reuters. The four countries that are participating are India, United States, Japan and Australia and will hold their first summit in a virtual format under the framework of the Quadrilateral coalition.

The financing agreements will focus on companies and institutions in India manufacturing vaccines for American drug makers Novavax Inc and Johnson & Johnson, the official, who did not want to be identified by name, said. The main aim would be to reduce manufacturing backlogs, speed vaccination, and defeat some coronavirus mutations, the official said.

The official said that quicker the vaccination is done, faster the mutations can be defeated. He added that some of the additional vaccine capacity created in India would be used in vaccination efforts in Southeast Asian countries.