Pharma industry is growing industry in India. India has share of about 73% of pharma industry, so it is also contributing well in GDP of nation. In coming years this industry aim to expand more, so it is good decision if you are planning to invest in pharma sector.
There are many Pharma franchise companies in India and from which you can choose Pharma Franchise Company which is best according to your convenience. Indian Pharma industry is become good option for investment which can provide high return and growth. Now Government is also encouraging by allowing foreign investment in this industry.
Requirements to take franchise of Pharma franchise company
There are some basic requirements like space for office and warehouse is require along with capital requirement for smooth operation is needed. Apart from this there are two main requirements need to fulfil to getting pharma franchise.
1. ITR Registration – Income Tax Registration is necessary by pharma industries for getting pharma franchise. VAT, CST, TIN & GST is required.
2. Drug Licences - You can apply and get the pharma drug licence from state or central drug control authority.
At the moment when you become the franchise of Pharma Company, you are enjoying the monopoly rights of selling its all products in your region, with no more competition for the same brand in same region. This is the main reason why pharma franchise companies are gaining so much of popularity and increment these days.
These were some points to choose Pharma franchise companies in India; you need to also keep in mind about the product category, quality, and turnover of company, logistic and marketing support and business of other existing pharma franchisees. We hope this will solve your confusion and you can choose best suitable Pharma Franchise Company for your business. Investment in this business will surely provide you good profit and return.