How to Export Medicines from India to Other Countries

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How to Export Medicines from India to Other Countries – Are you an experienced businessman already running a business in the Indian pharmaceutical industry? Or are you a budding pharma aspirant looking to start an export business?  If this is the case, then this blog by Sanify Healthcare will clear all your doubts and provide you with way-outs that will allow you to export medicines from India to other countries. India is one of the most highly populated countries in the world with a population of billions. Here, the increasing population has given birth to diversified healthcare and medicine requirements. India stood high in terms of value and volume when it comes to exports. Thus, the scope of exporting medicines is high in a country like India. But the real question arises, How to Export Medicines from India to Other Countries? If you also want to learn more about this, then keep reading this blog till the end.

How to Export Medicines from India to Other CountriesIt is a well-known fact that India is the home of one of the biggest and most well-established pharma industries. Home to thousands of pharma companies, India is the biggest pharma hub across the globe. The country stands at thirteen when it comes to the value and it stands at the third position when we talk about volume. With colossal development and excellent governance, India has established its name as the global leader in healthcare products and drug manufacturing. Hence, the scope of established business and exporting medicines has upsurged in the Indian industry. So, if you have plans to establish exporting business and you want to learn How to Export Medicines from India to Other Countries, then this blog is meant for you.

How to Export Medicines from India to Other Countries

The wait for all the pharma aspirants, businessmen, investors, and interested business seekers searching for the process to export medicines from one country to the international market ends here. Here, in this section, we will provide you with the complete literature that will allow you to export medicines from a domestic country to another country.

Part 1: Obtain IEC (Import Export Code)

Part one of this process includes applying for IEC (Import Export Code). The IEC is needed to export medicines from India. It is mandatory to get yourself registered at the DGFT (Director General of Foreign Trade) website. By registering, you will receive a 10-digit alphanumeric code and this code is needed to import or export drugs. To apply for the IEC number, you have to follow these steps:

  1. First things first, navigate to the Directorate General of Foreign Trade (DGFT) website and hit the option Online Application.
  2. Once done, from the drop-down menu, select the option IEC and click on the Online IEC Application option.
  3. Now, you need to fill in your PAN card details. This is mandatory to log in and for verification purposes.
  4. Up next, hit the New IEC Application details option and fill out the form.
  5. Here, you have to Upload the asked Documents and select the Branch option to add the Branch details.
  6. Once done with this, select the Director option and fill in the required details of the Director.
  7. Click on the EFT option and pay the online fee. Fill in the amount required and select the bank.
  8. Check all the details and make the transaction.
  9. Click on the Pay option and make an online payment.
  10. Make sure to compete for the formalities through internet banking.

Part 2: Process to Export Medicines from India to Other Countries

  1. Establish a company that will produce the medicines.
  2. Obtain the IEC number the way mentioned above.
  3. Now, appoint agents and register your company in the country.
  4. Make sure to get the T&C and particulars signed off by the agents.
  5. Once done, get your medicines registered in the exporting country.
  6. Obtain the export approval from DCGI.
  7. Finalize the payment methods or mode, T&C of delivery, and shipping method.
  8. Get the purchase orders and send the pro-forma invoice. Make sure to provide information like details of the freight, packing types, and many more.
  9. Now, you need to construct a commercial invoice against the LOC (Letter of Credit or PO (Purchase Order).
  10. Up next, to ship the medicines to other country make sure to sign a contract with the freight forwarding agency.
  11. Once done, send the medicines to get customs clearance and make sure the same medicines need to get customs clearance in the importing country as well.
  12. Now, your medicines will be shipped.

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