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'Best Investment': Serum's Adar Poonawalla Lauds FM's Focus On Healthcare In Budget 2021

SII CEO Adar Poonawalla on Monday lauded FM Nirmala Sitharaman for the announcements she made in the Union Budget 2021 on health care sector and vaccines

Union Budget

Serum Institute of India (SII) CEO Adar Poonawalla on Monday lauded Finance Minister Nirmala Sitharaman for the announcements she made in the Union Budget 2021 in order to strengthen the health care sector. Taking to Twitter, Poonawala called the capital set aside for health care sector as the "best investment any country can make". 

In a statement, Adar Poonawalla further said, "Globally, spending on healthcare infrastructure and vaccine have given countries and their economies the best bang for their buck. Investments in these areas have prevented hospitalizations and resulted in a healthier and more productive workforce, thereby leading to an efficient economy. Therefore we welcome the FM's emphasis on healthcare spending, and immunization especially for COVID-19 and the pneumococcal vaccines as this will help India recover rapidly from this pandemic. Hopefully, this will also encourage more innovation and expansion in the sector.''

READ | Budget 2021: From 6 Pillars To Direct & Indirect Tax, Everything FM Sitharaman Announced

Health care in Union Budget 2021

The FM outlined the six pillars on which the Aatmanirbhar sector of Budget 2021 rested - Health and Well-Being, Physical and Financial capital and infrastructure, Inclusive Development for Aspirational India, Reinvigorating Human Capital, Innovation and R&D.

Stressing on the Health Infrastructure while presenting the Union Budget 2021, the finance minister allocated Rs 35,000 crore for the Covid-19 vaccines with an assurance of providing more if required. This year's budget witnessed a rise of 137 percent in the health care sector with the finance minister allocating Rs 2,23,846 crores as against only Rs 94,452 crores of the previous year.

Finance Minister Nirmala Sitharaman contended that investment on health infrastructure has increased substantially in this year's union budget with focus mainly on three areas - Preventive health, curative health and strengthening of well-being.

She also announced that the Pneumococcal vaccine which is presently limited to five states nut will be rolled out across the country. The is Pneumococcal vaccine is produced by Serum Institute of India which developed and got the license of the first indigenous Pneumococcal Conjugate Vaccine (PCV) from the Government of India during COVID-19 pandemic lock-down in line with Prime Minister Narendra Modi's vision of 'Atmanirbhar Bharat'.

READ | Budget 2021: 137% Hike In Health Spending; PM Aatmanirbhar Swasth Bharat Yojana Launched

For the development of health infrastructure, the FM announced:

  • Setting up of 11,000 Health Care & Well Being Centres
  • Development of National institution for one health
  • a regional research platform for the World Health Organisation (WHO) for the South East Asia Region, 
  • Nine Bio-Safety Labs
  • Setting up of 4 National Institute for Virology

READ | Union Budget 2021: Harsh Vardhan Hails 'special Attention' To Health And Wellbeing Sector

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