More than 50 million doses of Sputnik V vaccine will be produced in India in a month over the summer in partnership with five Indian companies, Kirill Dmitriev, the CEO of Russian Direct Investment Fund (RDIF), said on Tuesday. Over 850 million doses of Sputnik V are going to be produced in India annually, which will be sufficient to vaccinate more than 425 million people around the world.

India is the leading production hub for Sputnik V. RDIF has reached agreements with the leading pharmaceutical companies in the country, including Gland Pharma, Hetero Biopharma, Panacea Biotec, Stelis Biopharma and Virchow Biotech, aimed at producing more than 850 million doses per year.