What are the Requirements for Pharma Franchise?

Requirements for Pharma Franchise

What are the Requirements for Pharma Franchise? – Do you want to set up your own business in Pharmaceuticals? Looking for the best Pharma Franchise business opportunity? Well, there is no doubt in the fact that Pharma Franchise/ PCD business is flourishing well in India. The per capita sales of pharmaceuticals expanded at a CAGR of 17.6 percent to US$ 33 in 2016. The industry is expected to grow over 15 percent per annum between 2015 and 2020. This has simply increased the scope for Pharma Franchise business as a result wants to know What are the Requirements for Pharma Franchise? 

It could be bit exhausting and troublesome for a newbie in the pharmaceutical sector who wants to start the business in Pharma Franchise. To get a PCD Pharma Franchise from a pharma company and work in the industry is an exciting opportunity and do not require much investment. For freshers in Pharmaceuticals PCD ( propaganda cum distribution) is the best option to go for while for the experienced one Pharma Franchise is best. However, both of them are same but the scale in which the work is done differs from one another. Here in this post, we will be telling you all about the Requirements for Pharma Franchise for setting up your own business in the pharmaceutical sector.

What are the Requirements for Pharma Franchise

Documentation and Licensing Requirements for Pharma Franchise

The government of India has set certain rules and regulation for the pharmaceutical industry. These rules are related to marketing, trading, manufacturing of drugs or medicines along with other pharma products. For starting, your own business in the pharmaceutical sector you need to get the permission from the authorities. If you are legally eligible only then you could apply for the pharma franchise business.

Given below is the list of license and documents that are required for taking pharma franchise in India:

  • You must be registered on GST network.
  • Drug marketing license is mandatory
  • You should be legally enforced in case you are under partnership firm.
  • The documents stating the ownership of the premises are also needed to be submitted.
  • You need to submit the copy of documents as per company norms and regulations.

These are some of the most impoartnt documents which are required for the legal selling of medicines or pharma drugs in India. You must have them if you want to start your business in case you do not have them you can use the license of your wholesaler as well.

Investment Requirement Pharma Franchise

Investment is one of most important and foremost requirement of starting any business. Same goes to Pharma Franchise for a successful pharma franchise business. You must have the good flow of money in if you want to give a good start to your business. Since the opportunities are quite high in the pharma franchise business, therefore, it is considered as one of the best areas to invest money in the pharma industry. Before investing in the pharma franchise company make sure that you choose the trustworthy and right pharma company.

One can get the PCD Franchise Franchise with the minimum investment of 50,000/- and it could then reach to whatever extent you want the products from the company. The Investment is not fixed, it may vary from one company to another. You will need to submit the amount you sign the pharma franchise marketing agreement. It is a first and foremost requirement for taking up pharma franchise in India.

Qualification and Experience Requirement for Pharma Franchise

For starting a pharma franchise business you need to be experienced in the pharmaceutical sector. Experience will take you long in this field and provide you the good opportunity as well. If you are a Pharma Wholesalers, Retailers, Pharma Distributors, Registered Pharmacists you can apply for the pharma franchise in the company of your choice. Other than this, the person who is covering the pharma marketing and distribution chain can freely apply.

If you are having 3+ years of pharma sales experience than you can also apply for this business opportunity. The minimum qualification for the person is Secondary School Certificate (SSC) Examination or Graduation passed. You should have knowledge about profit margin, net rates, MRP etc.

Conclusion

These were the basic requirements for starting a business by the gettig pharma franchise from the reputed company. Make sure that you choose the right pharma company to invest your money only then you will get the good return on your investment. You must know the right way to apply for the pharma franchise to own a business. We hope you find this post helpful in getting the complete insight about the requirements for pharma franchise business.

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