The Indian Council of Medical Research (ICMR) and the Union Ministry of Health today inked a pact with the International Vaccine Institute (IVI), South Korea to collaborate on vaccine research and development.
The Memorandum of Understanding (MoU) was signed between Dr Soumya Swaminathan, Director General of ICMR and Secretary, Department of Health Research, Manoj Jhalani, Additional Secretary, Ministry of Health and Dr Jerome H Kim, Director General of IVI, South Korea.
The ICMR is the apex body in the country for the formulation, coordination and promotion of biomedical research. An official statement said in New Delhi today that with a long history of scientific collaboration with IVI, India officially became a signatory to the treaty of the Seoul-based organisation in 2012. The IVI has 35 signatory countries.
With this partnership, India is committing an annual contribution of USD 5,00,000 to IVI and joins Sweden and South Korea as financially contributing signatories to IVI