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US help to India touches 1/2 billion dollars
US help to India touches 1/2 billion dollars
Washington: Less than a fortnight after President Joe Biden in his conversation with Prime Minister Narendra Modi pledged his country's steadfast...
Washington: Less than a fortnight after President Joe Biden in his conversation with Prime Minister Narendra Modi pledged his country's steadfast support for the people of India, America has responded with an unprecedented financial assistance worth nearly USD half a billion.
Biden spoke at length with Modi last month and conveyed solidarity with India in its fight against the viral disease. He assured the prime minister that the US and India will work closely together in the fight against COVID-19.
"Just as India sent assistance to the United States as our hospitals were strained early in the pandemic, we are determined to help India in its time of need," Biden had said in a tweet.
Reflecting an overwhelming support for a "natural ally", the entire country not only the administration, but also the corporate sector which created a global task force, as well as Americans and Indian-Americans have opened their coffers for India.
This half a billion dollars includes USD 100 million pledged by the Biden administration, USD 70 million by pharma major Pfizer and 450,000 Remdesivir doses, the governmental purchase price of each of which in the US is USD 390.
