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Scope of PCD Pharma & Requirements to take PCD Franchise from Pharma Company

Scope of PCD Pharma & Requirements to take PCD Franchise from Pharma Company – In pharmaceuticals, the distribution of medicines is executed by the way of pharma franchise. The main aim of Pharma Franchise is to expand the business without much investment. In case you plan to start your own venture then this business provides you maximum profits and fewer risks. In this post, we are going to explain the Scope of PCD Pharma & Requirements to take PCD Franchise from Pharma Company in India.

Top Pharma Franchise Company in India

Scope of Pharma Franchise

Medicine is the thing that we all need to cure our illness. The pharma industry offers medicine as well as products of wellness that includes supplement, capsules, tablets, etc.

India is the 2nd most populated country in the world and one of the fastest growing economies on earth. The Indian pharmaceuticals industry estimates at Rs.2,40,000 crore. The future aspect of pharma companies is quite good. In the near future, the demand for quality and effective pharma products will be high. With the changing times, people are becoming more aware of their health and want to get the best treatment and medicines. Thus, leading to overall rapid development and expansion of the Pharmaceutical industry.

In the global arena, this industry is growing endlessly with a good growth rate. PCD Pharma does not require much investment which reduces risk.  Considering the opportunity aspect of the Industry more and more young pharma postulant and pharma professional with experience are admiring the future in PCD Pharma Franchise Business.

There are majorly two types of franchise business in regards to the pharmaceuticals sector.

PCD Pharma Franchise and Pharma Franchise Opportunity

PCD works in smaller units with less area, less investment and no specific target, while Pharma Franchise works on larger units with higher investment, the larger area of operations and specified targets. In order to be a franchise holder, one needs to hold experience and qualification.

There are various other Pharma Franchise business options, one can take on:

  • Animal pharmacy
  • OTC medicines distributors
  • Carry and Forwarding agent (C&F agent)
  • Hospital pharmacy
  • Chain pharmacy
  • Internet pharmacy
  • Health supplement distributors
  • Standalone pharmacy /Pharmacy/ Chemist shop
  • Specialist Franchise in ayurvedic, Siddhi Allopathic, Unani, Homeopathic, etc.

Requirements to take PDC Pharma franchise from a Pharma Company in India:

There are a number of companies that offer franchise but you need to choose wisely. The prerequisites may differ but down below are certain requirements that a company may ask while applying for pharma franchise;

  1. Drug License Registration

The Drug license is necessary in order to start a business in PCD pharma franchise in India. If in case you do not own one, you can use the license of the wholesaler’s drugs license as well. The government body which provides drug license registration are:

  1. Central Drug Standard Control Organization
  2. State Drug Standard Control Organization

 2.Income Tax Registration

Another document needed for the Pharma Franchise business is income tax registration number. In case one may not have this document, they can use the wholesalers. You need to be registered in:

  • VAT (value added tax)
  • CST (central sales tax)
  • TIN (tax identification number)

These are the basic requirement for taking PCD pharma franchise from a pharma company in order to sell drugs in India.

3. The companies expect you to meet the minimum investment or economic order quantity.

4.A copy of identity proof along with attachments

5. There should be a vacancy in your required location.

6. Make sure that you being offered monopoly rights or else, it will not be beneficial for you.

7. Go through the product list of the required dealership

8. Make sure that credit facilities are offered to you.

Conclusion

Pharma Franchising provides a great number of opportunities. This industry is very huge and its demand is also constantly rising. Investing in this industry is a good decision but, considering the number of firms coming up, it becomes very difficult to analyze in which company to invest the money?!  Therefore, we bring you the best of Penardo Biotech who shall value your money and efforts. Penardo Biotech is the best pharma company to provide you affordable PCD franchise business. Feel free to connect anytime.

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