NEW DELHI : Prime Minister Narendra Modi on Saturday made a strong case for a permanent seat for India in the United Nations Security Council, emphasising that the inter-governmental body needs equilibrium and empowerment and that India was committed to be a force multiplier to the global economy.

PM Modi assured world leaders in his virtual address at the 75th annual UN General Assembly session that India stands for the world’s prosperity and that its people are eagerly waiting for reforms in the UN.

“In the UN, equilibrium and empowerment is essential for the world’s well being," Modi said.

'Reform is the need of the hour'

Modi also assured that when India extends the hand of friendship to one nation, it is by no means, aimed at weakening a third country. India, he said, supplied the essential drugs that more than 150 nations needed during the pandemic and was committed to do more.

“Today, I wish to give one more assurance. Our vaccine production and vaccine delivery capability will be useful in helping humanity out of the current pandemic. We are now proceeding towards phase three clinical trials," the Prime Minister said. He said India will also help other nations in developing cold chains.

At least five Indian vaccine manufacturers are at present working on indigenous vaccines -- Serum Institute of India, Pune; Bharat Biotech, Hyderabad; Zydus Cadila, Ahmedabad; Gennova Biopharmaceuticals, Pune; and Biological E, Hyderabad.

The Russian Direct Investment Fund (RDIF), Russia’s sovereign wealth fund recently announced a deal with Dr Reddy’s Laboratories Ltd for conducting clinical trials and distribution of Russia’s covid-19 vaccine --Sputnik V in India. Upon regulatory approval in India, RDIF will supply 100 million doses of the vaccine to Dr. Reddy’s. Serum Institute of India is conducting the phase 3 clinical trials for the adenovirus-based covid vaccine jointly developed by AstraZeneca Plc and the University of Oxford.

Serum Institute had received a $150 million funding from The Bill and Melinda Gates Foundation and Gavi, The Vaccine Alliance, for two vaccines developed by University of Oxford and Novavax. the company will produce up to 100 million doses for distribution in India and other countries by the first half of 2021

Indians have confidence in UN, unseen in many other countries, Modi said. “But it is also true that Indians have been waiting for the process of reforming UN. Today Indians are worried, if it will reach a logical end, by when?" Modi said.

Modi said India was now working towards self-reliance. “It will act like a force multiplier for the global economy. It is being made sure in India that benefits of all schemes reach every person without any discrimination," Modi said.
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