Singapore: External Affairs Minister S Jaishankar praised the Quad's efforts in producing and distributing COVID-19 vaccinations on Friday, saying the group had a "resilient, trustworthy supply chain." The Quad consists of Australia, India, Japan, and the United States.
"It's interesting, one of the initiatives under Quad (Australia, India, Japan, and US) to jointly produce and distribute vaccines, which would be an American vaccine, made in India, Japanese will come in with a lot of financial support, and Australians will come in with a lot of logistics support," Jaishankar said at a panel "Greater Power Competition: The Emerging World Order" at the Bloomberg New Economic Forum in Singapore.
"Decentralized globalisation, a more resilient, trustworthy supply chain, is what I'm looking for. More trust and transparency, as well as more flexible combinations, get down and come up with answers to specific problems "According to the minister. "There was a period when hydroxychloroquine or paracetamol were in high demand, not just in the vaccination industry, but in the pharmaceutical sector as a whole. In fact, for certain drugs, we had scaled up 10 times, even 15-20 times "Jaishankar went on to say. He also talked about India's struggles during the pandemic and how well the country recovered.
"The most important lesson would have been that we should have worked more to develop our own capabilities. Prime Minister Narendra Modi implemented a programme aimed at making India self-sufficient "Jaishankar remarked.