Skip to content
Search

Latest Stories

Johnson all praise for Wockhardt’s ‘hard work’

Johnson all praise for Wockhardt’s ‘hard work’

BRITISH prime minister Boris Johnson on Tuesday (19) singled out Mumbai-headquartered pharmaceutical and biotech company Wockhardt for praise among companies behind the country’s successful Covid-19 vaccine rollout.

During his speech at the Global Investment Summit at London Science Museum, Johnson said Wockhardt’s Wales-based bottling plant was instrumental in ensuring the vaccination programme was a success.


“When you look at the lightning speed of the vaccine rollout there were all sorts of things that made it possible… in Wales, I’m proud to say, we had the bottling plant that made it all possible,” Johnson told an audience of leading global business chiefs and entrepreneurs.

“Wockhardt, an Indian company, from Mumbai, whose family motto was work hard. Hence wock hardt. And it was the hard wock of those companies, of Wockhardt and their staff, that made it possible,” he said.

The UK government last year struck a deal with the Wockhardt plant, based in Wrexham in North Wales, for its fill-and-finish line to bottle millions of coronavirus vaccine doses.

The Mumbai-headquartered company has been among the largest suppliers to the NHS and its unit in Wrexham employs hundreds of people at a high-tech manufacturing facility.

The Global Investment Summit in London attracted leading investors to showcase British innovation and promote the UK as the best investment destination in the world.

More For You

IMF

IMF cuts global growth outlook as oil shock from Middle East war raises recession risks

REUTERS

IMF cuts global growth outlook as oil shock from Middle East war raises recession risks

  • IMF lowers global growth forecast to 3.1 per cent from 3.3 per cent.
  • Severe scenario could see growth fall below 2 per cent, near recession levels.
  • Oil shock and supply disruption driving inflation and economic uncertainty.

The International Monetary Fund has lowered its global growth forecast, warning that the ongoing conflict in the Middle East and the resulting oil shock could push the world economy closer to a downturn if disruptions continue.

In its latest World Economic Outlook, the IMF now expects global GDP to grow by 3.1 per cent this year, down from its earlier estimate of 3.3 per cent. The revision reflects rising energy prices and uncertainty following the US-Israeli attack on Iran that began on February 28.

Keep ReadingShow less