Billionaire Gautam Adani on Sunday announced a Rs 100 crore contribution by his group's philanthropy arm to the Prime Minister's Fund to fight coronavirus outbreak.
Adani joins Tata Group, Reliance Industries and other corporates who have come forward to make a contribution to fight the unprecedented crisis.
"Adani Foundation is humbled to contribute Rs 100 crore to the #PMcaresfund in this hour of India's battle against #COVID19," Adani tweeted.
Infrastructure conglomerate Adani Group, he said, "will further contribute additional resources to support the government and fellow citizens in these testing times".
On Saturday, Tata Sons and Tata Trusts had contributed Rs 1,500 crore for the same cause.
Frequently Asked Questions
A vaccine works by mimicking a natural infection. A vaccine not only induces immune response to protect people from any future COVID-19 infection, but also helps quickly build herd immunity to put an end to the pandemic. Herd immunity occurs when a sufficient percentage of a population becomes immune to a disease, making the spread of disease from person to person unlikely. The good news is that SARS-CoV-2 virus has been fairly stable, which increases the viability of a vaccine.
There are broadly four types of vaccine — one, a vaccine based on the whole virus (this could be either inactivated, or an attenuated [weakened] virus vaccine); two, a non-replicating viral vector vaccine that uses a benign virus as vector that carries the antigen of SARS-CoV; three, nucleic-acid vaccines that have genetic material like DNA and RNA of antigens like spike protein given to a person, helping human cells decode genetic material and produce the vaccine; and four, protein subunit vaccine wherein the recombinant proteins of SARS-COV-2 along with an adjuvant (booster) is given as a vaccine.
Vaccine development is a long, complex process. Unlike drugs that are given to people with a diseased, vaccines are given to healthy people and also vulnerable sections such as children, pregnant women and the elderly. So rigorous tests are compulsory. History says that the fastest time it took to develop a vaccine is five years, but it usually takes double or sometimes triple that time.
Previously, Reliance Industries had made an initial contribution of Rs 5 crore besides opening India's first Covid-19 hospital in Mumbai as also giving free meals through NGOs to the needy and fuel to emergency vehicles transporting infected patients.
JSW Group on Sunday donated Rs 100 crore to the PM Fund.
"Ongoing #COVID19 crisis calls for the entire nation to fight as one collective force. We hope that our contribution to the #PMCaresFund will ably support the govt & the heroes on the frontlines. We're with you all the way! #GoodnessNeverStops," Adani Group said retweeting its founder chairman's tweet.