Finance Minister Nirmala Sitharaman assures ramp up in supply of Oxygen & Remdesivir to States

21-04-2021 Wed 20:39

  • Finance Minister Nirmala Sitharaman assures ramp up in supply of Oxygen & Remdesivir to States; reiterates the importance of micro - containment policies over lockdown in virtual interaction with Industry Captains
  • Applauds Indian Industry for its extreme forbearance, patience and perseverance, describes it as ‘Gamanzuyoi’
  • Union Minister for Finance & Corporate Affairs Nirmala Sitharaman praised the Indian Industry for its extreme forbearance, patience and perseverance, and described it with Japanese word ‘Gamanzuyoi’
The Finance Minister was addressing more than 150 senior industry captains in a virtual interaction organised by the Confederation of Indian Industry (CII) here today.

Sitharaman emphasised on the need for adopting micro containment strategy in dealing with the 2nd surge of the pandemic and acknowledged that the deliberations with CII had helped shaped this strategy. Explaining the rationale, the Finance Minister said that unlike last time we now have important tools such as vaccines and medicines, to deal with the pandemic.

On meeting the phenomenal increase in demand for medical oxygen, a critical treatment tool for COVID-19, the Finance Minister assured seamless supply to states. Measures that the government is taking include importing medical oxygen, round the clock working of the oxygen filling stations and allowing containers used for nitrogen and argon to be used for oxygen, the Finance Minister added.

The Finance Minister also gave details of Government initiatives to help ramp up capacity of Remdesivir from 36 lakh vials per month to 78 lakh vials per month. Some of these measures include rapid clearances for new capacities, stopping exports, stopping the exports of APIs and formulations used in the manufacture of this life saving drug, and allowing EoUs and manufacturers located in SEZs to also sell in the domestic market, She said.

During the interaction, CII members manufacturing Remdesivir apprised the Finance Minister that they were in fact working towards exceeding the committed target of 78 lakh vials per month and aiming to reach a production of 1 crore vials per month.

Elaborating on the recent announcements on the vaccination, the Finance Minister said that the CII’s suggestions on opening up of the vaccination to all adults, allowing industry to vaccinate its employees and their families and allowing vaccine imports have all been accepted in the policy. The Government has also cleared an advance payment of Rs 4,600 crore to Serum Institute of India and Bharat Bio Tech, to help them ramp up capacities.

Welcoming the CII suggestions on mitigating the impact to the economy to save livelihoods, alongside lives, the Finance Minister assured an examination of the same.

Earlier, Mr Uday Kotak, President CII and Managing Director & CEO, Kotak Mahindra Bank Limited in his opening remarks lauded the speed of Government’s policy action, for tackling the COVID-19 pandemic, over the last 72 hours. Mr Kotak emphasised on the importance of vaccination and doing whatever it takes to ramp up vaccination. He also emphasised on ensuring adequate supplies of oxygen, medicines and beds in the immediate term.

In the medium term, he emphasised on ramping up research to identify and tackle the mutants and to upgrade the vaccines. He also suggested to build India’s capacity in terms of supplies and medical infrastructure to address any possible future waves.


More Press Releases
యాదాద్రి పవర్ ప్లాంట్ లో ఆసుపత్రి నిర్మాణం: మంత్రి జగదీష్ రెడ్డి
1 hour ago
కోవిడ్ నియంత్రణకు సంబంధించి సీఎం ఆదేశాల ప్రకారం వెంటనే తగు చర్యలను ప్రారంభించాలి: మంత్రి హరీష్ రావు
1 hour ago
DST institute develops new multiplex RT-PCR kit with novel gene targets to facilitate detection across various mutant strains of COVID 19
1 hour ago
GQ India’s May 2021 issue: Justin Bieber - Amazing Grace
2 hours ago
KRAFTON announces pre-registrations for BATTLEGROUNDS MOBILE INDIA
3 hours ago
PM Interacts with State and District Officials on the COVID-19 situation
4 hours ago
Daily Recoveries more than 4 Lakh in the country, for the first time
5 hours ago
Railways set to have 86 Oxygen plants for its hospitals
5 hours ago
PM to interact with State and District officials across the country on COVID-19 management
22 hours ago
Governor Tamilisai calls for continued research in plasma therapy for COVID patients
23 hours ago
వ్యాక్సిన్ కేంద్రప్రభుత్వ పరిధిలోనిది: మంత్రి జగదీష్ రెడ్డి
1 day ago
We must all strive for the Healthy Telangana: Governor
1 day ago
Reliance Supports Covid-19 Initiatives in Telangana and Andhra Pradesh
1 day ago
HCL expands investment in the United Kingdom
1 day ago
India at the Center of Two New Subsea Cable Systems to Support Exponential Data Growth
1 day ago
TVS Srichakra enters Europe Two-Wheeler Tyre market with exclusive product range under Eurogrip brand
1 day ago
పలు శాఖల సమన్వయంతోనే కరోనా కట్టడి: మంత్రులు తలసాని, మహ్మూద్ అలీ
1 day ago
Swift actions taken by Government to enhance availability of Remdesivir in India
1 day ago
Defence Minister Rajnathsingh unveils first batch of anti-COVID drug developed by DRDO
1 day ago
pTron Launches Tangent Plus v2 - BT Neckband with Super Quick Charging
1 day ago
Aakash Educational Services Limited launches NCERT Crash Course for Class 9 and 10 students
1 day ago
IAF preparation for cyclone Tauktae continues
1 day ago
Spark OTT Live in Few Hours, Promises To Revolutionise The OTT Space
4 days ago
Garudavega Ships Oxygen Concentrators to India
5 days ago
Telangana gets nod for experimental drone flights for vaccine delivery
1 week ago
Advertisement
Video News
TDP says they boycott AP assembly budget sessions
అసెంబ్లీ సమావేశాలు బహిష్కరిస్తున్నాం: అచ్చెన్నాయుడు ప్రకటన
29 seconds ago
Advertisement 36
Venkatesh calls for self care from covid
అందరం దేశానికి సేవ చేసే టైమొచ్చింది: వెంకటేశ్
18 minutes ago
Telangana corona details bulletin
తెలంగాణలో కొత్తగా 3,982 మందికి కరోనా పాజిటివ్
27 minutes ago
Sajjala comments on Raghurama Krishna Raju
ఓ పక్క మీసం మెలేస్తారు... మరో పక్క అరికాలు ఎత్తి చూపిస్తారు: రఘురామపై సజ్జల వ్యాఖ్యలు
46 minutes ago
Kruthi Shetty gave a clarity on her new movies
కొత్త ప్రాజెక్టులపై క్లారిటీ ఇచ్చిన కృతి శెట్టి!
1 hour ago
Chiranjeevi birthday special initiative
చిరంజీవి పుట్టినరోజు నేపథ్యంలో యోగా కార్యక్రమాలకు ప్రోత్సాహం
1 hour ago
Huge budjet for Pushpa movie
'పుష్ప' రెండు భాగాల మొత్తం ఖర్చు 250 కోట్లు?
1 hour ago
Woman constable from Hyderabad deceiving men with honey trap
ప్రేమ పేరుతో డబ్బులు దండుకుంటున్న హైదరాబాద్ మహిళా కానిస్టేబుల్
1 hour ago
Covid surge continues in Andhra Pradesh
ఏపీలో కొనసాగుతున్న కొవిడ్ కల్లోలం
1 hour ago
Vijayasai Reddy fires on Chandrababu
మోదీ ప్రశంసిస్తుంటే.. పచ్చ పార్టీ నేతలు గొడవ చేస్తున్నారు: విజయసాయిరెడ్డి
1 hour ago
Centre says recovery rate increased in country
దేశంలో రికవరీ రేటు పెరిగింది: కేంద్రం వెల్లడి
1 hour ago
Ntr fans has focus on his birthday
ఎన్టీఆర్ బర్త్ డే రోజున కొత్త సినిమా టైటిల్ ప్రకటన?
2 hours ago
Delhi court denies wrestler Sushil Kumar anticipatory bail
ఢిల్లీ కోర్టులో రెజ్లర్ సుశీల్ కుమార్ కు చుక్కెదురు... ముందస్తు బెయిల్ నిరాకరణ
2 hours ago
Kangana Ranaut Says She Tested Negative For
కరోనా నుంచి కోలుకున్న కంగనా రనౌత్
2 hours ago
Team India crickters will get their corona vaccine second dose in England
టీమిండియా క్రికెటర్లకు ఇంగ్లండ్ లో రెండో డోసు టీకాలు
2 hours ago
Update on Raviteja Khiladi
'ఖిలాడి' షూటింగు అప్ డేట్!
2 hours ago
Stop all flights from Singapore demands Kejriwal
సింగపూర్ లో కొత్త కరోనా వేరియంట్.. అక్కడి నుంచి వచ్చే అన్ని విమానాలను ఆపేయండి: కేజ్రీవాల్
2 hours ago
NHRC responds to Tirupati RUIA hospital incident
తిరుపతి రుయా ఘటనపై స్పందించిన ఎన్ హెచ్ఆర్ సీ
2 hours ago
 Congress MLA Jaggareddy says thanks to CM KCR
ఇచ్చిన మాట నిలబెట్టుకున్న సీఎం కేసీఆర్ కు ధన్యవాదాలు: కాంగ్రెస్ ఎమ్మెల్యే జగ్గారెడ్డి
3 hours ago
Renu Desai fires in netizens
సరదా సందేశాల కారణంగా కొందరి ప్రాణాలు పోతున్నాయి: నెటిజన్లపై రేణు దేశాయ్ ఆగ్రహం
3 hours ago