How to start PCD Pharma Franchise Business in India? – India is the third largest manufacturer of pharmaceutical medicines in the world. It is known as the hub of the leading pharmaceutical companies that produce quality, innovative, and affordable medicines. This industry has a high scope that attracts many young pharma professionals to start their careers and make good returns. So for that, these companies offer PCD Pharma franchise business opportunities in different locations in India by offering a unique range of franchise benefits and services. In this blog, we will share with you the details of how to start PCD Pharma Franchise Business in India.
PCD stands for Propaganda Cum Distribution in which the franchise pharma companies offer the rights of marketing, selling, and distributing the various pharma medicines under the company’s brand name with the franchisee’s desired locations. The Indian drug industry is worth over $3.6 billion and is growing fast every day. Choosing to invest in a sector that is not greatly impacted by the Goods and Services Tax (GST) is a smart way to start a successful business. The best PCD pharma franchise companies in India provide popular medicines that people need all the time. So let’s check out the solutions of the How to Start PCD Pharma Franchise Business in India.
Steps to Start a PCD Pharma Franchise Business in India
Here are the common steps for starting a PCD pharma franchise business in India:
- Before starting a PCD Pharma Franchise Business, you should conduct market research to understand the demand for medicines in the specific area, the level of competition, and other factors.
- Then select the right pharma company that has a good reputation in the market, a wide range of quality medicines, strong marketing assistance, and clear terms of franchisees.
- After selecting a leading pharma franchise company you need to verify all the legal requirements such as regustartion of your business, obtain drug licnece, and register for GST.
- Then you need to create a business plan in which you include overview of your business, marketing startgies, and financial projectionbs.
- After the completing business plan, you need to set an investment based on the franchise fees, initial stock purchase, and marketing expenses.
- You also need to obtain legal authorization to start a pharma franchise business in India, which includes GST registration, a drug license, and more.
Documents that you needed to start a Pharma Franchise Business
When you start a pharma business, whether it is a pharma business or something else, you need to require various documents to ensure compliance with legal authorities and regulatory standards. Here is the list of the key documents that you need to start a PCD pharma franchise business in India:
- CST ( Central Sales Tax)
- Legal Drug License
- TIN (Tax Identification Number)
- VAT (Value Added Tax)
- PAN Card number from the Income Tax Department
- Whether you have a rental property or own land, you need to provide the legal document for it.
- You must have an active bank account, along with the canceled cheque.
- This business can be started with an investment amount of Rs 50k to 1 lac.
Advantages of Starting a Pharma Franchise Business with Sarthi Lifesciences
Sarthi Lifesciences is one of the best pharma franchise companies in India that offers a broad list of pharma medicines that covers the different dosage forms of tablets, capsules, softgelm infusion, injections, ointment, protein powder, ayurvedic, energy drinksm syrups, eye drops, and more. Here is the list of the key benefits that Sarthi Lifesciences offered to its franchise partners:
Monopoly Rights: We aim to provide our clients with great PCD pharma business deals that come with exclusive rights. It lowers the competition and helps you grow better.
Great Selection of Products: Sarthi is the main pharma company for many others. Our product list helps you earn money from both regular and special items.
On-time delivery: Sarthi Lifescience, in its PCD Pharma business in India, promises to deliver products on time. No matter where you are in India, we deliver products based on what is easy for our clients.
Regular Update: Our company also offer the new ranges and up to date medicines to meet the dynamic healthcare needs of the pharma medicines at the best prices.
Conclusion
Starting a medicine franchise in India provides many chances for growth and success. By teaming up with a good PCD pharma franchise in India, such as Sarthi Lifescience, you can join the expanding pharmaceutical industry in our country. Think about joining the PCD Pharma franchise in India if you want a good job in the pharmaceutical industry.
