What are the Requirements for a PCD Pharma Franchise?

What are the Requirements for a PCD Pharma Franchise – Are you planning to start your own business in the pharma sector? Do you want to secure a bright future in the Indian pharmaceutical industry? But unaware of the necessity to start a pharma franchise business? If yes us your answer, then don’t worry. Do read this blog till the end to find out the Requirements for a PCD Pharma Franchise. The pharma industry in India is growing at a colossal pace. This business industry is full of impeccable business and profit-earning opportunities. Furthermore, the Indian pharma sector is contributing heavily to the nation’s GDP with a share of 5%. Further, it is also the home for thousands of pharma companies that are enjoying tremendous business and earning good profits.

Going through the statistics we found that in 2016, the pharmaceutical industry in India was valued at more than US$ 27 billion, and at that time, this business industry was growing at a colossal pace of CAGR of 16%.  At that time it was predicted that this business industry will witness tremendous growth and it will touch the US% 55 billion-plus by the end of the year 2022. Rightly said, the scope of having a pharma franchise business is immense in India. So, if you are planning to start your own business in the pharma sector but are unaware of the business needs and necessities, then today, Sanify healthcare will tell you about the Requirements for a PCD Pharma Franchise.

What are the Requirements for a PCD Pharma Franchise

The search for all the pharma aspirants, medical representatives, business seekers, pharma retailers, and wholesalers ends here. In this section of the blog, we will discuss some of the major requirements that you need to fulfill to start a PCD Pharma Franchise business.

1. Qualification and Experience Requirements.
2. Documents and accreditations requirements.
3. Investment requirements.

1. Qualification and Experience Requirements

The first Requirements for a PCD Pharma Franchise include Qualification and Experience Requirements. Like any other business sector, there are certain qualifications and experience requirements that you need to fulfill to start the PCD Pharma Franchise business. It is a well-known fact that every business needs a qualified and experienced professional or head. The same is the case with this business sector. Although, the PCD business format allows the less experienced and qualified personnel to start a business but generally, a pharma franchise company will look for these things:

1. A minimum of 3 to 4 years of working experience in the field of sales or marketing of pharma products. Preference is given to those candidates who have relevant experience from a reputed pharma company.
2. The qualification usually is not asked for by the pharma companies but few firms make ask for a minimum of SSC or 112^th completed from an Indian recognized board or university or a graduate in a few cases.

2. Documents and Accreditations Requirements

The second Requirements for a PCD Pharma Franchise include Documents and Accreditations Requirements. Dealing in the pharms sector is not easy. This is one of those business sectors that workls strictly on legal documents and paperwork. The laws in the Indian pharmaceutical industry are quite strict as this industry involves dealing with medicines that will be eventually consumed by people. There are several documents, registrations, and licenses that are made mandatory by the authorities to start PCD Pharma Franchise Business. Have a look at the documents and accreditations requirements:

1. DLN (Drug License Number) – It may vary from state to state.
2. GST (Goods and Service Tax).
3. TIN (Tax Identification Number).
4. Drug License Registration.
5. FSSAI (Food Security & Standard Authority of India).

3. Investment Requirements

The third Requirements for a PCD Pharma Franchise include Investment Requirements. Investment is one of the most important elements in every business. Investment is needed to conduct business, purchase raw materials, pay salaries of employees, pay rent, maintain machinery, and much more. Although, these are not fixed requirements when it comes to investment. The minimum investment requirements to start PCD Pharma Franchise depends on the company to the company. But to be on the safe side, keep a buffer of Rs. 10,000 to 3-4 Lakhs.

Final Words

The PCD Pharma Franchise business is among the best routes to enter the pharma sector and earn higher profits. But don’t neglect several other Requirements for a PCD Pharma Franchise such as rent of the premises, cost of machinery, electricity bills, labor charges, and much more. We hope you liked this blog and you have got the information that you were searching for. But, if you are planning to step into the pharma sector or you want to start a business without putting too much pressure on your pockets, then choose and enjoy the top-of-the-line business deals offered by Sanify Healthcare. We are the best PCD Pharma Franchise Company that provides tremendous business deals to everyone.