Process to Start PCD Pharma Franchise Business in India

Process to Start PCD Pharma Franchise Business In India – The pharmaceutical industry in India has witnessed tremendous growth in recent years, providing ample opportunities for aspiring entrepreneurs. One such lucrative venture is starting a PCD Pharma Franchise business. This blog serves as a comprehensive guide, focusing on the step-by-step Process to Start PCD Pharma Franchise Business In India, with special reference to Doctris Life Sciences, a renowned pharmaceutical company.

Currently, about US$ 42 billion is spent on the pharmaceutical sector. Otherwise, these values totaled US$4$33 billion in 2017. Furthermore, it is predicted that the market will grow by more than a third by the end of this decade. So, if you are considering entering this market, read this article in full to know the procedures to be followed to open a PCD Pharma Franchise.

Understanding the PCD Pharma Franchise Model

The PCD pharma franchise model is a business arrangement wherein a pharmaceutical company grants rights to individuals or entities to promote and distribute their products within a specific territory. The franchisee, in this case, Doctris Life Sciences, benefits from established brand recognition, product portfolio, marketing support, and access to a wide distribution network.

Before venturing into the PCD pharma franchise business, thorough research and due diligence are crucial. Start by identifying reputable pharmaceutical companies with a strong presence in the market, such as Doctris Life Sciences. Evaluate factors such as product quality, range, reputation, market demand, and support provided by the company.

Process to Start PCD Pharma Franchise Business In India

Starting a PCD Pharma Franchise business in India can be a lucrative opportunity. PCD Pharma Franchise allows you to market and distribute pharmaceutical products under an established brand name. Here’s a Step Process to Start PCD Pharma Franchise Business In India:

Choose a reputed pharmaceutical company:

• Get in touch with Doctris Lifesciences and express your interest in starting a PCD pharma franchise with them.
• Inquire about their product range, terms and conditions, investment requirements, and any other relevant details.

Get a Drug License:

• Apply for a drug license under the Drugs and Cosmetics Act from the State Drug Control Authority. You can contact your local authority for specific requirements and documentation.

Tax Identification Number:

• Obtain a Tax Identification Number or Goods and Services Tax Identification Number from the concerned tax authorities.

Office and Storage Space:

• Establish an office space and storage facility that complies with the requirements of the drug authorities.

Investment and Financial Planning:

• Plan your budget and investment required to start the PCD Pharma Franchise business.
• Consider factors such as product purchases, office setup, marketing expenses, and initial working capital.

Agreement with Pharmaceutical Company:

• Enter into a formal agreement with a pharmaceutical company as a franchise partner. The agreement will outline the terms and conditions of the partnership, including product pricing, payment terms, promotional support, etc.

Promotional Materials and Marketing:

• Receive promotional materials such as visual aids, product samples, brochures, and other marketing aids from the pharmaceutical company.
• Develop a marketing strategy to effectively promote products in your target area.

It is important to note that specific requirements and procedures may differ depending on the pharmaceutical company you wish to partner with. Contact Doctris Life Sciences directly or visit their official website for detailed information on their specific franchise process and requirements.

How much Investment is required to start PCD Pharma Franchise Business in India?

Your ability to make the proper investments will determine how successful your business is. The pharmaceutical company you choose will inform you about the cost of their franchise as well as the permission to use their brand name and trademark to sell the product. Getting a PCD Pharma franchise from a pharmaceutical company often requires between ₹30,000 to ₹40,000. In addition, if you have your own home, the rental fee will not apply; Otherwise, you may need space. For paperwork, it costs:

• Wholesale drug license require the investment of approx 5000/-
• Income Tax Registration which is useful for keeping the record of the income and tax by the government requires the investment of 4500/-

Why Should You Choose Doctris Life Sciences For PCD Pharma Franchise Business In India ?

When considering a PCD Pharma franchise business in India, there are several factors to evaluate before making a decision. Some of the factors that can be considered while choosing a Doctris Life Sciences PCD Pharma franchise are:

• Product range

An important aspect is the range and quality of products offered by the company. Ensure that the company offers a diverse and comprehensive range of pharmaceutical products, covering various therapeutic areas and complying with quality standards.

• Quality Standards

Check whether the company follows good manufacturing practices and has certifications such as ISO 9001:2015 or WHO-GMP. Ensures that products meet quality standards and regulatory requirements.

• Monopoly Rights

Check if the company offers monopoly rights for your chosen sector. This means that you will be the sole distributor of their products in that area, thereby reducing competition from other franchisees.

• Marketing Support

Look for a company that provides marketing support, such as promotional materials, product training and assistance with advertising strategies. This can help you promote products effectively and increase sales.

Contact information 

Name- Doctris Lifesciences

Address- SCF-513 ,1ST FLOOR, M.MARKET,MANIMAJRA CHANDIGARH, 160101

Phone- +91 9041100915, +91 9779328069

Email address- doctrislifesciences@gmail.com