India may not accept Pfizer, Moderna’s conditions on supplying Covid-19 vaccines

Government sources have said the two US vaccine makers – Pfizer and Moderna – had laid out conditions of using sovereign assets as a guarantee, which is not acceptable to the Government of India.

Government sources have said the two US vaccine makers Pfizer and Moderna had laid out conditions of using sovereign assets as guarantee, which is not acceptable to the Government of India.

Sources have said that the conditions of giving out “sovereign assets as guarantee is not acceptable to the Government of India”. Pfizer had rolled out its Covid-19 vaccines across the world with similar arrangements, but India will not agree to the conditions, said the sources.