I am planing to start a pharma marketing company , Please tell me which is the best option for a beginner? loan manufacturing or a 3rd party manufacturing? Is there a huge difference in production margin?
My company is registered in karanataka and my marketing place and office will be in tamilnadu. In which sate should I apply for drug licence and TIN.
For beginners third party manufacturing is best option. Loan licensing is complex procedure and it may cost you more in begining with lot of documentation.
For example, you want a brand ABD having CFG xomposition in it. And you want to get manufactured 500 box. Suppose you get rate of 500 boxes is 60/- per 100 tab. It will be 65/- for 300 boxes and could be 55/- for 1000 boxes.
Don’t just consider rates, you should also consider service and delivery/dispatch time. You will have no benefits by purchasing five rupees less if manufacturer doesn’t give products at proper time. Even you may suffer loss in that case. Choosing good manufacturer is important aspect for marketing company.
There may be two case. One you want to sale product in Tamilnadu. Then apply for drug license number and TIN of your company in Karanataka and appoint distributor or c&f in Tamilnadu. So anyone don’t consider your company as local.
Second you want to operate company from Tamilnadu with marketing office, then you should apply for drug license number and TIN number in Tamilnadu for easy operation and administration. Read this article for complete information: What is Marketing Address ? Is it possible to have marketing address and operation from different places?
In other words, you should take drug license number and TIN number at place from where you find it easy to receive and dispatch stock along with handling marketing/sales & administration. In case of drug and medicine, you can only store and place at area having drug license number. Drug`& Medicines and related products couldn’t be stock at any other premises.
Hope Above information is useful to you…
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