Query:
1.how to start a pharmaceutical manufacturing company in India.
2. What are the rules and regulations involved in starting the pharmaceutical company.
3. how to buy the drugs from net trade and whole sellers.
4. What are the margins on buying drugs from net trade and whole sellers.
5. How can we buy them in credit or debit form from net traders.
6. Total finance required to start a pharmaceutical distribution company which includes ( land and pharmaceutical products.)
7. Where can we get the machinery to start the pharmaceutical distribution company.
8. What is the minimum land area required to start pharmaceutical distribution company.
9. What should minimum be qualification details of directors doing it.
10. What kind of human resource exactly we need to work in pharmaceutical distribution company.
Response:
- How to start a pharmaceutical manufacturing company in India.
For Pharma manufacturing Company, you need manufacturing license for manufacture of drugs. You have to fulfill all requirements needed and have to apply at state drug control office. Complete requirements read at our article: How to start pharma manufacturing Company?
2. What are the rules and regulations involved in starting the pharmaceutical company?
Rules and regulations are covered under Drug and Cosmetic Act & Rules, 1945. All documents could be studied at above given link. For starting manufacturing unit, first need to appoint a manufacturing chemist and a analytical chemist. Their approval letters will be attached with file. At current norms, manufacturing unit is constructed according to Schedule M. In future, one may require to fulfill condition according to WHO:GMP Norms. Plant should compile with norms as per schedule M. Read our Pharmaceutical Manufacturing Unit Business Plan for detailed study
We can read about all licenses required for starting pharma business by clicking here
3. How to buy the drugs from net trade and whole sellers.
We are considering net trader/whole seller which sell their products at net price basis. For buying medicines from net trade and whole sellers, we have to contact them personally through phone or e-mail or we can visit them personally to buy medicines but we will need wholesale or retail drug license for it. read in detail about purchase at net rates (PCD/Franchise)
4. What are the margins on buying drugs from net trade and whole sellers?
Margins depend at our selling rates. Net traders will sell us drugs at net rates that would be highly less than trade rate/mrp. It will depend on us at which rates, we can sell it further. We have many option of marketing it in market. We can get prescribed from doctor and sell at mrp basis or can sell at net rates by fixing our margin to retailers directly.
5. How can we buy them in credit or debit form from net traders?
Most of net traders will not credit us in starting. We have to pay them at advance basis. We can contact them, choose product from their price list and place order. Read our article: Things required with first order
6. Total finance required to start a pharmaceutical distribution company which includes ( land and pharmaceutical products.)
As we discussed previously in our article: How much investment is required to start pharma marketing company? ; investment depend at product selection and cost of molecules you select. For distribution company you will not need big premises, you need only minimum of 10 square meter space for it. Its rent will vary location wise but we can consider approximately five thousand rupees per month (Prime location not necessary).
7. Where can we get the machinery to start the pharmaceutical distribution company?
For pharma distribution company, we don’t require any type of machinery. Machinery is required for pharmaceutical manufacturing company. We need only refrigerator and air conditioner only. read complete about pharmaceutical distribution company here
8. What is the minimum land area required to start pharmaceutical distribution company.
refer point: 6
9. What should minimum be qualification details of directors doing it.
Either one of the director should be competent person or pharmacist for start pharma distribution company. Or we can appoint a competent person or pharmacist as authorized person for handling all technical work. Others qualification doesn’t count.
10. What kind of human resource exactly we need to work in pharmaceutical distribution company.
We should have two strong departments for running good distribution company. One is Purchase Department and Second is Sales Department. If both departments work well, our start-up could show highly growth within short period. Sale is most important part of any business but purchase is foundation of sale.
Hope this information will be helpful to you…
For any query and suggestion, mail us at pharmafranchiseehelp@gmail.com