Current Affairs - Miscellaneous - Discussion

The Indian Council of Medical Research (ICMR) and the Union Ministry of Health has inked a pact with the International Vaccine Institute (IVI) to collaborate on vaccine research and development. With this partnership, India will commit an annual contribution of $5,00,000 to IVI and joins Sweden and South Korea as financially contributing signatories to IVI. In addition, ICMR will be focussed on research and development of vaccines combatting various infectious diseases. As per official statement, the IVI has 35 signatory countries and India officially became a signatory in 2012.