How to Start a Pharmaceutical Distribution Company? - Ambit Bio Medix - PowerPoint PPT Presentation

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How to Start a Pharmaceutical Distribution Company? - Ambit Bio Medix

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Many people don’t know how to start a Pharmaceutical Distribution Company. We are providing you here in brief the process for starting the pharma industry business with the steps to be followed to start the Pharmaceutical Distribution Company. – PowerPoint PPT presentation

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Title: How to Start a Pharmaceutical Distribution Company? - Ambit Bio Medix


1
How to Start a Pharmaceutical Distribution
Company?
2
Start Pharmaceutical Distribution Company
3
STEPS TO START A PHARMACEUTICAL DISTRIBUTION
COMPANY
  • Do you know that the Indian pharma industry is
    the 4th largest as far as volume is concerned? It
    is amongst the top 15 in the business worth wise
    global ranking.
  • To become part of the overwhelming journey of the
    pharma industry one doesnt need to setup a huge
    manufacturing unit that involves hefty
    investment.
  • It is also possible to reap the benefits by
    launching a pharma distribution company which is
    a relatively low-cost business.

4
Legal requirements
  • The import, manufacturing, and distribution of
    medicines fall under the Drugs and Cosmetics Act,
    1940. It has provisions for the classification of
    drugs under different schedules.
  • When one wants to launch the distribution
    business, a license must be issued from the CDSCO
    (Central Drug Standard Control Organization) or
    any equivalent state control body.
  • The person applying for the license should have a
    degree or diploma in pharmacy from a recognized
    institute. There should be at least one years
    experience in dealing with drugs.
  • GST Registration is mandatory for launching the
    distribution business.

5
Documentation requirements
  • Application form (in the prescribed format)
  • Covering letter with name and designation of the
    applicant
  • Copy of the challan issued after depositing the
    fee for drug license
  • Declaration form (in the prescribed format)
  • Site plan and key plan (blueprint) of the
    premises
  • Proof for possession (rent agreement,
    registration or lease agreement)
  • Incorporation certificate, partnership deed or
    MOR/AOA to prove the constitution of the business
  • Affidavit for a full-time appointment of a
    registered pharmacist or equivalent resource
  • Affidavit of non-conviction of director or
    partners or proprietor

6
  • Pharmacy Inspector performs regular inspection,
    and the business should fulfill all the norms
    laid by the authorities. Failing which, there is
    a possibility of canceling the registration.
  • The apt space is the prerequisite for a pharma
    distribution company
  • When an application is submitted for starting
    distribution company, it is mandatory to furnish
    the verifiable proof of premises where the
    business will happen.
  • There must be necessary infrastructure (storing
    and refrigeration facilities, hygiene,
    rodent-free premises, etc.) to keep the medicines
    safe.

7
Approximate investment needed
  • Here are some ballpark figures to give a fair
    idea about the investment.
  • Documentation and license need almost 30000 to
    40000 rupees.
  • Around two to five lakh rupees for furniture and
    fixtures.
  • IT setup needs one lakh rupees.
  • Employee cost is around 10 lakh per annum.
  • Thus, one requires 50-70 lakh to launch a
    distribution business.

8
Also Read
  • If you are looking to Start Pharma Franchise
    Business in India then Ambit Bio Medix is one of
    top 10 pharma franchise companies at best price
    with outstanding marketing support.
  • How to Start a PCD Pharma Company?
  • How to start pharma marketing company in India?

9
Contact Us
  • Mob No- 9825965521
  • E-Mail- ambitbiomedix_at_gmail.com
  • Address- Ambit House,Tajpur Road, Changodar,
    Ahmedabad -382213 Gujarat- INDIA.
  • India Gujarat

Website- www.ambitbiomedix.com
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