Serum Institute paid $3 billion dollars till July 31 for supplying Covid vaccines to Centre

August 4, 2023

Minister of State for Health and family welfare Professor SP Baghel on Friday told the Parliament said the Government of India has spent Rs 36,397 crore on 175.41 crore Covid vaccines till July 31, 2023.

The biggest payment has been to the Serum Institute of India, the makers of Covishield, who have been handed Rs 25,583 crores ($3 billion) to date. The Serum Institute of India has supplied over 130 crore Covishield doses to the government, implying a price of Rs 197 per dose.

Covaxin makers Bharat Biotech were paid Rs 7,301.28 crores for 35 million doses, while the makers of CorBEvax – Biological E Limited – were paid Rs 1,500 crores for supplying 9.85 million doses. CorBEvax was the cheapest vaccine of the three and was priced at Rs 150.

A total of 220 crore vaccinations were administered in India, including 45 crore by private hospitals.

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