How to Get Drug License For Pharmaceuticals Business in India – In the current scenario, many pharma specialists prefer to do a business with pharma franchise instead of doing a job. With the increased need for quality medications, pharma specialists are constantly entering the pharma industry through collaboration with other companies. There is no doubt that it is a profitable business, and you may start your own franchise by following a few steps. However, at the start of the pharma franchise business, one of the most frequently asked questions of pharma industry is How to Get Drug License For Pharmaceuticals Business in India?
Many people are unfamiliar with the procedure and requirements to start a PCD pharma franchise in India. A drug licence is also one of the prerequisites that must be met in order to legally start a business related to medications. Today we are going to explicate the procedure of How to Get Drug License For Pharmaceuticals Business in India in India?. And firstly we will shed some light on the definition of a drug license then we proceed with the requirements to get a drug license in India.
Drug license is defined under the Drug and Cosmetic Act 1940, It is issued by the central government and state government individually. Here are different types of drug licence that include; retail sale drug licence, wholesale drug licence, manufacturing drug license and import drug license. But here we will discuss the wholesale drug license which is for starting a Pharma Franchise Business. Wholesalers or franchise holders get the pharma products from the pharma company and they sell them to the doctors, chemist and other second last customer or which come before the end customer. In addition to this, these are some mandatory requirements which you have to complete with the process on how to get Drug License for pharmaceuticals business in India.
If you are looking for a drug licence, you must have a degree or diploma in the field of pharma. The following are the most common pharma degrees and certificates in India.
You will be eligible if you do not have any formal education but have four years of experience in the pharmaceutical industry.
You may also like: Tips To Get More Doctor Referrals For Your Pharma Franchise Business
Experience in any field creates a foothold in that area. Similarly, in order to obtain a medication licence, you must have prior expertise or exceptional proficiency in the pharmaceutical market. Typically, two years of experience in pharmaceutical marketing are required. If you have more than four years of experience, you will be given preference. It is essential that the person you were working for has a wholesale drug licence.
|1||Form 19 should be obtained.|
|2||Affidavit of the proprietor accompanied by stamp paper and four stamp tickets|
|3||Your drug license fees will be deducted in the form of Challan Rs. 3000/-|
|4||Original Experience Certificates|
|5||Academic certifications should be photocopied and self-attested.|
|6||Documents proving ownership of a property, shop, or store. If you do not own the property, obtain a rental agreement.|
|7||The cover letter.|
|8||5 photos of the applicant in passport size|
|9||Self-attested photocopy of an identity document, such as an Adhar card, pan card, voter id card, or driving licence.|
|10||The blueprint of Plan the layout of the premises where you intend to establish your business or workplace.|
|11||Electricity bills are often part of the requirements for obtaining a drug licence.|
|12||A copy of the refrigerator bill will be verified during the inspection.|
These all documents are a must to obtain a drug license in India. Documents like form no 19, affidavit, stamp tickets and associated papers can be taken from your nearby Notary or Court, and you can get online.
We hope you found the answer to the question: How to Get Drug License For Pharmaceuticals Business in India? To summarise, these are the basic standards that you must meet in order to receive a drug licence. According to our advice, once you have obtained the drug licence, it is critical that you collaborate with the right organisation in order to develop a solid foundation for your PCD franchise business.
You may also like: How to Increase Sales in Your Own PCD Franchise Business
Gracia Life Sciences is a leading pharmaceutical organization with ISO certification. The company is an excellent source for high-quality pharma products that are DCGI and FSSAI-approved. Our organisation is supported by well-qualified employees that have been actively working for many years. In order to ensure quality, we adhere to the laws and regulations established by WHO and GMP. Furthermore, we provide PCD Pharma Franchise in India with complete monopoly rights. Not only that, but we also fully assist our clients’ businesses by supplying them with promotional inputs, visual aid, incentives, and a variety of other services.