Rs 3,000 Crores Needed To Ramp Up Vaccine Production: Adar Poonawalla

Serum Institute of India (SII) would require around ₹3,000 crore to ramp up production capacity for making vaccines for COVID-19, its CEO Adar Poonawalla said on Tuesday.

"We need roughly ₹3,000 crores which is not a small figure considering we have already spent thousands of crores. We have to find other innovative ways to build our capacity so we can support our nation in light of COVID surge," Mr Poonawalla said in an interview to NDTV tweeted by the channel.

The company hopes to increase its capacity of Covishield to 110 million doses per month from June onwards, he added.