Pharma Franchise is also known as PCD (Propaganda cum Distribution) which means the monopoly right given to the distributors of the product by the pharmaceutical companies that uses their brand name in particular geographical area. It follows a unique franchise model of distribution in the matter of promotion of supply of the finished products. Pharma Franchise Business is increasing at a phenomenal pace and flourishing the economies of scale throughout India.
India is the 3rd largest manufacturer of pharmaceutical products in the world and has one of the biggest market in Asia-Pacific Region. It is always good to make a right call to start a pharma franchise business in niche or an ideal position so that the profitability will always remain at top. It is recommended to enter the field early to keep the demand for the products and services in an upward trend because as the competition becomes aggressive, profit margins may drop significantly.
Pharma Franchise is a type of an authorization where the distributor or an individual is allowed to use the brand name, products, proprietary knowledge, trademark, etc. of a pharmaceutical company. There is no requirement of a new brand name for the procedure of marketing by the franchisee as he can start the business in the name of the franchisor. Due to the manifestation of franchising concept, Pharma sector keeps on rising in India. Therefore, Pharma Franchise is the important aspect that made the sector victorious. There have been enormous business opportunities in the fields of pharmaceutical sector that has improved the position of India in the fields of medicines and research. As a self-reliant leading Pharma Franchise Company, it is offering best quality assured products with 100% client satisfaction. We deliver our products in a very seamless manner to avoid any intrusions in a very short span of time.
How can you start your own Pharma Franchise Business?
India has the biggest pharmaceutical market in Asia-Pacific Region where it provides many business opportunities to improve India’s position in medicines and research. Pharma sector is rising day-by-day due to the exposure of concept of the franchising.
Anyone who is interested to start his/her own manufacturing pharma franchise in India, he/she shall need abundant experience in the pharmaceutical sector, high & learned knowledge of medicines and the capital where returns are always higher. He/she must obtain many types of drug licenses and certifications from the concerned authority.
Drug License is a kind of document which is essential to do the business in pharma sector. It is issued by the CDSCO (Central Drugs Standard Control Organization) and SDSCO (State Drugs Standard Control Organization) in India. There are two types of Drug Licenses which are issued by the organizations that is Retail Drug License and Wholesale Drug License. Retail DL is issued to the one who wishes to run a chemist/pharmacy shop and sells the products on retail basis and Wholesale DL is issued to the one who wants to sell the drugs on wholesale level.
You need monopoly rights if you want to operate in a particular geographical area so that no one else operates, it needs a written agreement. Everything needs to be documented so that there remains no ambiguity in work procedure and for seamless operations. Therefore, this will secure the business operations.
WHO– WHO is an abbreviation for World Health Organization, a specialized agency of UN which is concerned with international public health. It has a set of quality standards which have to be maintained while manufacturing the products according to the set guidelines.
GMP– GMP stands for Good Manufacturing Practices that checks the products are made according to the set guidelines and the procedure is followed at each step. Hence, the GMP Certification is issued when it ensures the products are constantly manufactured and controlled according to the certain quality standards.
Firstly, you should come up with an Idea and implement it through the Activities, strategize it accordingly with the subsequent Plans and reach to the Solution so that the Goal is achieved in starting the business.
Steps to be followed to start PCD Pharma Company:
- Make a search for a right-minded profitable Pharma Franchise business and do a little research about the history, products & services provided, existing partners, distribution network, etc.
- Send enquiries to some narrowed-down Pharma Company.
- Once upon confirmation, fix a meeting to become their franchise partner.
- Discuss all the information on pricing of products, terms & conditions and hidden clauses.
- Request the FDD (Franchise Disclosure Document) if any, of the company and discuss all the terms & conditions.
- Sign the agreement on the mutually agreed conditions and make the payment of franchise fees as per the agreement and later the credit will be issued against the payment.
- Now, you are good to start the business with the company.
Why Getron Pharmaceuticals for PCD Pharma Franchise?
- Wide range of products
- Affordable rates with high margins
- Explicit dealings with owners of the company
- 100% efficacy of product quality
- WHO/GMP certified products
- Best packings with same day dispatch through trustworthy delivery partners
- Transparency in dealings and 100% customer satisfaction