The move involves payment of annual contribution of USD 5 lakh to the Seoul-based International Vaccine Institute (IVI).
The institute was established in 1997 on the initiatives of the UNDP.
In the year 2007, India had joined the IVI and is a long-term collaborator and stake-holder of the organisation.
In December, 2012 the Board of Trustees of IVI had approved the formation of its new governance structure. As per the new governance structure, a member state has to contribute to the IVI by paying a portion of its core budget.
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