How to start a wholesale pharmacy business in India? - Fossil Remedies - PowerPoint PPT Presentation

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How to start a wholesale pharmacy business in India? - Fossil Remedies

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If you are looking to start a wholesale pharmacy business in India then it is a one of the leading PCD Based Pharma Franchise Companies in India. Here you know the basic requirements to start a wholesale pharmacy business. – PowerPoint PPT presentation

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Title: How to start a wholesale pharmacy business in India? - Fossil Remedies


1
How to start a wholesale pharmacy business in
India?
2
wholesale pharmacy business
3
THE BASIC REQUIREMENTS TO START A WHOLESALE
PHARMACY BUSINESSIf you rate the most
successful business in India, then pharmacy
business will get a high score.  It is not
influenced by monetary cycles. Start your wholesal
e pharmacy business after completing the
formalities and reap big profits.As the
awareness of health and fitness increases, and
medical facilities attain new levels pharma
business has good growth prospects.It needs
relatively less capital investment and space.
Hence, many people start a wholesale pharmacy
business in India.
4
TYPES OF CUSTOMERS A PHARMACY WHOLESALE BUSINESS
SERVESClinical drug store, standalone drug
store and chain drug store are different
varieties of pharmacy wholesale
businesses.Clinical drug stores Clinical drug
store is a business that can be set up under a
big doctors clinic or a big corporate hospital.
In both cases, it is a private institution. The
success of it depends on the success of the
hospital (or popularity of the doctor).Standalon
e drug stores It runs business under
proprietorship or some association. The success
of it largely depends on various aspects such
that competition in the market, the location of
the drug store and reputation.
5
  • Chain drug store Chain drug store is the
    franchise of a big drug company. Since it carries
    the goodwill of the brand, it is relatively easy
    to earn profits. However, other aspects such as
    competitiveness and location still play an
    important role.
  • LEGAL PROCEDURE
  • As per the rules, anybody who is graduated in
    pharmacy and carries the experience of one year
    in the field can apply for wholesale pharma
    business.
  • The license has to be obtained from CDSCO which
    is the controlling authority.
  • GST registration is mandatory to start the
    business.

6
  • Following documents are required
  • Application form filled in the prescribed format
  • Covering letter of the applicant
  • Challan of the fee deposited
  • Declaration plan
  • Site plan, key plan, and possession certificate
    of the business premises
  • Proof of ownership of the premises
  • Proof of constitution of the business based on
    its type, e.g., partnership deed, letter of
    undertaking, incorporation certificate, etc.
  • Proof of appointment of a registered pharmacist
    who will be working in the company full-time

7
  • Remember, CDSCO keeps a close watch on every
    wholesale pharmacy business. It is done to
    maintain the standards of display, sale, and
    storage of drugs.
  • PREMISES PLAY A CRITICAL ROLE
  • In wholesale pharmacy business, it is a
    prerequisite to have the right kind of premises.
    It has to be a closed, secure and safe place.
  • Big warehouses are required to store medicines
    with proper facilities of air-conditioning,
    refrigerators and cupboards and shelves.

8
  • OLLABORATION WITH CLINICS AND HOSPITALS
  • Local clinics, hospitals, and nursing homes are
    the customers of wholesale pharmacy business.
    Collaboration is very important when you want to
    maintain profitability.
  • Two types of drugs are sold in the market
    non-scheduled drugs and scheduled drugs.
  • Maximum retail price or MRP can be increased by
    10 percent of MRP for scheduled drugs.
  • In generic drugs, margins cant be improved
    much, but pharmacists can avail several other
    benefits offered by the government.

9
  • Fossil Remedies is leading manufacturers and
    marketers of Pharma Products who hold rich
    expertise as PCD Pharma Franchise Company in
    Ahmedabad, Gujarat, India. If you are looking for
    to the Start Pharmaceutical Manufacturing Unit in
    India then it is a one of the leading PCD Based
    Pharma Franchise Companies in India.
  • Also Read
  • Scope of PCD Pharma Franchise Business in India

10
  • Contact Us
  • Phone No -   94260 68836
  • 96877537294
  • Address - 7, CUBIT HOUSE, 13/369,
  • Panchratna Estate, B/h Ankoor Oil
    Factory, Opp. Bhagyoday Hotel, Changodar,
  • Ahmedabad-380001
  • Email Id -   fossilremedies_at_gmail.com
  • Email Id -   Monday To Saturday
  • 11.00 am to 7.00 pm

Website www.fossilremedies.com
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