Business Standard

Sunday, December 22, 2024 | 11:31 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Raw material imports from US to produce vaccines may take a month

The Joe Biden administration's decision to invoke the US Defense Production Act has blocked exports of crucial raw materials used in vaccine production

trade, export, container, major ports, import, shipping, sea, business, seafarer, merchan navy
Premium

Though both nations have been engaging on this issue, the way ahead could be tricky as it is a politically sensitive issue, according to an official

Shreya Nandi New Delhi
It may take over a month for India to be able to import certain raw materials from the US that are required for producing Covid-19 vaccines.
 
“Discussions are going on at the highest level between both nations. Some progress on the matter can be expected over the next four-six weeks,” a person aware of the matter said.
 
The Joe Biden administration’s decision to invoke the US Defense Production Act has blocked exports of crucial raw materials used in vaccine production. The law requires local manufacturers to prioritise central government orders, a decision that was taken to battle the

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in