I am planing to start a pharma marketing company , Please tell me which is the best option for a beginner? loan manufacturing or a third 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 state should I apply for drug licence and GST.
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.
Don’t just consider rates, you should also consider service, quality 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 GST 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 wholesale drug license number and GST 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 GST number at place from where you find it easy to receive and dispatch stock, maintaining stock register 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…
- What is the procedure for packing material Procurement, Inventory, type in Pharmaceutical/Ayurvedic Manufacturing Company?
- How to start Pharma Marketing Company by Third Party Manufacturing Concept?
- How to ensure quality of products in third/contract manufacturing?
- What is the Minimum Order Quantity (MOQ) for third party manufacturing?
- Why do third party/Contract Manufacturer require Trade Name/ Brand Name Affidavit?
- What is required by Third Party Manufacturer? Active Ingredient Formula or Additives also
- How much investment is required for pharmaceutical/Ayurvedic third party manufacturing?
- Secrets behind approval charges for Pharma Third Party Manufacturing
- Which is best – Third Party Or Loan License
- How much investment is required to start pharma marketing company ?