The current scenario of India needs more medical help. That is the reason of PCD pharma business booming in the country right now. PCD stands for Propaganda cum Distribution which means that the industry has rights for marketing and circulating pharma products and services. A PCD pharma franchise business gives potential investors like doctors, medical field agents, and others to grow in the pharma sector and to grow as a company. To ensure success in this field or in this business one needs to have a robust network in order to grow the business. With a strong network, one can become the best PCD Pharma company in India.
Benefits of PCD Pharma Franchise Business:
According to the stats of 2020 and 2021 medical facilities have become the utmost important thing right now and there are many benefits associated with the PCD Pharma Business:
- Low investment and Higher Profits: This business doesn’t require capital in tons of lakhs or something. The minimum investment is required in order to start the PCD Pharma Business in India. The rate of return from this business is really high as the pharmaceutical industry is booming rapidly in India.
- Monopolistic Business: Now as you will be a part of an esteemed Pharma company, you will be provided franchise only if there is any slot available for your area which means there will be no competitors from the same company in a single area.
- Promotional tools and strategies: The main benefit of starting a PCD pharma franchise business is that you will need not put any marketing tactics as the parent company will provide you with every promotional support from tools to strategies.
- Easily scale your business: As you will be an associate, it will be easier for you to scale your business. When the demand for pharma products rises, then you will be having a backup.
How to get a License for PCD Pharma Company in India
Pharma is a really sensitive industry and everything needs to be ensured before handing out the License. The quality of drugs is an important part and must not be compromised. Here are the few things that are needed before getting a license for starting a PCD Pharma Company In India:
- GST (Goods and Service Tax): You need to have a GST number which is issued by the Direct Sale Tax Department of India.
- Drug License Number: This is issued by District Drug Inspector Officer. Both things are a must before starting a pharmaceutical business. After approval of these things, then the license will be granted by the govt.
List of documents that are needed to be submitted:
To become a part of India’s best Pharmaceutical Business you need to have the following documents:
- Company Profile
- Drug Licence Number
- Agreement for Manufacturing
- Certificate for Non-Resemblance
- Sales Tax / TIN Registration Certificates
- Name, Address, Telephone with the copy of Aadhar Card and Pan Cards
What will be the next procedure?
- Selection of molecule or formulation
- Selection of company for the franchise
- Sending an official mail to the company’s respective mail address and asking the company for the vacant districts or places
- After finding the vacant place, ask them to send the product list along with the price list.
- After that finalizing things and choose the right franchise according to the need.
- Signing the contract of mutual understanding.
- Starting the PCD Pharma Business in your area.
At last, we want to say that Pharmaceutical Business is a great opportunity after looking at the current market condition. There are various benefits also that are associated with this business and we have already mentioned them above, now you can also easily become a part of the best PCD pharma company in India. You can directly contact us at email@example.com or call us at