How to Start a Pharma Company in India

If you have experience in Pharmaceutical market and want to start your own pharma company. These are steps for starting Pharma Company in India. For more information visit http://www.pharmaadda.in/how-to-start-a-pharma-company-in-india

1. How to Start a Pharma company in India

2. Healthcare and pharmaceutical sectors are showing good growth, and it seems that the future is pretty bright. Therefore , the early you start the business, the better it is. The Indian pharmaceuticals market is the third largest in terms of volume and thirteenth largest in terms of value, as per a report by Equity Master. India is the largest provider of generic drugs globally, with the Indian generics accounting for 20 per cent of global exports in terms of volume.

3. Basic Types of Pharmaceutical Companies

4. Brand Developers: Large and established pharmaceutical companies, such as Pfizer and Novartis, have a large number of drugs on the market. These mainline pharmaceutical firms have internationally acclaimed research and development laboratories and a large number of manufacturing plants. Research and Development: Smaller research and development pharmaceutical companies may not have any approved drugs on the market, but continue to focus on research, such as clinical trial observation. Generic : A number of drugs on the market no longer have patent protection. Generic pharmaceutical companies bring these drugs back to the market after patent expiration as less expensive versions .

5. Drug marketing: Marketing companies in the pharma industry help increase the market reach of drugs. At times, a manufacturing company cannot sell its product in a specific region because the company lacks a license or marketing network to do so. Other Types: Additional pharmaceutical companies also exist within the pharmaceutical industry. This includes those companies that manufacturer bulk compounds and chemicals for use in the production of prescription and over-the-counter pharmaceuticals.

6. Based upon their marketing, sale and work basis irrespective of marketing and/or manufacturing type the company can fall under any categories of Generic Franchise Pcd Branded/Ethical Speciality company e.g. Derma, ophhalmic , cardiac, etc Export or Import OTC Distribution

7. Following Steps are needed to start a  Pharma manufacturing firm in India

8. According to Experts, primarily there are five steps to start any pharmaceutical company. Out of the five steps, the first three are mandatory to start . Company Registration is the first step (in case of proprietorship you can skip this process) Wholesale Drug License Get Drug License Number Generate Goods and Service Tax Number which is important

9. Get the trademark registered FSSAI Registration (In case of selling Food and Dietary Supplements also)

10. Main Procedure and Sequence to proceed in starting Pharma Company

11. First and the important step is to  Write a Business Plan and find a Company Name You should also know the Brand Names and Choice of molecules Design of Company Logo and Printing/Promotional Material Fix the infrastructure (place, premises, and building) for setup Fund generation (own, loan, investment, etc) Company Registration

12. Trade Mark Registration ( Optional) Wholesale Drug License (For both Marketing and Manufacturing Company) Manufacturing License (For Manufacturing Company) Goods and Service Tax Identification Number ( GSTIN) FSSAI License (If required) Search for Vendors (For marketing Companies, Third Party/Contract Manufacturers or Loan license manufacturers. For Manufacturing Companies, Packing material suppliers, raw material & bulk drug suppliers and other requirements fulfillers )

13. Finalize Packaging and Packing, Design Material for medicines boxes, label, foils, etc Start manufacturing in the case of a manufacturing company Place order to a manufacturer on the basis of third-party manufacturing/ contract manufacturing/ Loan Licensing in case of a marketing company. When the products are ready to sell, initiate marketing and promoting products.

14. Conclusion : Healthcare and pharmaceutical sectors are showing good growth, and starting the pharmaceutical company could be a good choice as it seems that the future is bright. The process involves various steps. You need to gather resources and data from recognized and valid sources. The Internet makes the task much easier. Therefore , the early you start the business, the better it is.