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How to start pharma company in India : India is a top notch destination for those who are looking to start a pharma company business in India. The social economic conditions of India , emerging healthcare supply chain with continuous improvements and health awareness are all the leading factors that favours the idea of stepping into the pharma business. The existing pharma leaders also offers various pharma franchise schemes that let you focus only on the key area of marketing and selling the brands which have already proved to be effecting and popular. Moreover you get advantage of the promotional schemes offered by the parent company. The startup investment is also very low if you opt for the franchise schemes.

If you are thinking of starting the business of a pharmaceutical company then remarkably it is best idea to start the business. There can be various means / areas through which you can start into the pharma business and open a pharmaceutical company : research areas, manufacturing products, trading and distribution network, sales and marketing your own product or opening of PCD franchise.

In all country the pharmaceutical industry is highly controlled and are subject to government regulations. The Drug and Cosmetic Acts & Rules supervise the import, manufacturing, supply distribution and selling of pharmaceutical medicines and cosmetics. So in order to start any kind of pharma business you will be needed to get a valid approvals from drug office which they refer as drug licence (DL).

In the scenario of a pharmaceutical company setup, you also must have to get a drug license. If you are planning for starting up your own manufacturing unit of pharmaceutical products as a pharmaceutical manufacturing company, you have to get the Drug Manufacturing License also from the department of stat drug control authority. In order the distribution, trading and marketing business you should be having the Wholesale drug license with you. If you are thinking of opening your own retail shop and local pharmacy shop, you must have to get a Retail Drug License from the relevant government authority.

Created on : 2020-10-06 11:05:14

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