The vaccine is priced at US$12.9 plus 5 percent tax and the first consignment of imported doses of Sputnik V vaccine was received by the Indian company on May 1 and the drug regulator's clearance was received on Thursday.
India has been in the midst of a second wave of COVID-19 and has over 3.7 million active cases with 262,317 deaths reported as of Friday.
In the coming months, more consignments of vaccines would be imported till the Sputnik vaccine is locally manufactured in India as the company is working closely with its six manufacturing partners in India to fulfil regulatory requirements and ensure smooth and timely supply, the statement said.