How to Start a Pharmaceutical Distribution Company? - Ambit Bio Medix

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How to Start a Pharmaceutical Distribution
Company?
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Start Pharmaceutical Distribution Company
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STEPS TO START A PHARMACEUTICAL DISTRIBUTION
COMPANY

• Do you know that the Indian pharma industry is
  the 4th largest as far as volume is concerned? It
  is amongst the top 15 in the business worth wise
  global ranking.
• To become part of the overwhelming journey of the
  pharma industry one doesnt need to setup a huge
  manufacturing unit that involves hefty
  investment.
• It is also possible to reap the benefits by
  launching a pharma distribution company which is
  a relatively low-cost business.

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Legal requirements

• The import, manufacturing, and distribution of
  medicines fall under the Drugs and Cosmetics Act,
  1940. It has provisions for the classification of
  drugs under different schedules.
• When one wants to launch the distribution
  business, a license must be issued from the CDSCO
  (Central Drug Standard Control Organization) or
  any equivalent state control body.
• The person applying for the license should have a
  degree or diploma in pharmacy from a recognized
  institute. There should be at least one years
  experience in dealing with drugs.
• GST Registration is mandatory for launching the
  distribution business.

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Documentation requirements

• Application form (in the prescribed format)
• Covering letter with name and designation of the
  applicant
• Copy of the challan issued after depositing the
  fee for drug license
• Declaration form (in the prescribed format)
• Site plan and key plan (blueprint) of the
  premises
• Proof for possession (rent agreement,
  registration or lease agreement)
• Incorporation certificate, partnership deed or
  MOR/AOA to prove the constitution of the business
• Affidavit for a full-time appointment of a
  registered pharmacist or equivalent resource
• Affidavit of non-conviction of director or
  partners or proprietor

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• Pharmacy Inspector performs regular inspection,
  and the business should fulfill all the norms
  laid by the authorities. Failing which, there is
  a possibility of canceling the registration.
• The apt space is the prerequisite for a pharma
  distribution company
• When an application is submitted for starting
  distribution company, it is mandatory to furnish
  the verifiable proof of premises where the
  business will happen.
• There must be necessary infrastructure (storing
  and refrigeration facilities, hygiene,
  rodent-free premises, etc.) to keep the medicines
  safe.

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Approximate investment needed

• Here are some ballpark figures to give a fair
  idea about the investment.
• Documentation and license need almost 30000 to
  40000 rupees.
• Around two to five lakh rupees for furniture and
  fixtures.
• IT setup needs one lakh rupees.
• Employee cost is around 10 lakh per annum.
• Thus, one requires 50-70 lakh to launch a
  distribution business.

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Also Read

• If you are looking to Start Pharma Franchise
  Business in India then Ambit Bio Medix is one of
  top 10 pharma franchise companies at best price
  with outstanding marketing support.
• How to Start a PCD Pharma Company?
• How to start pharma marketing company in India?

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Contact Us

• Mob No- 9825965521
• E-Mail- ambitbiomedix_at_gmail.com
• Address- Ambit House,Tajpur Road, Changodar,
  Ahmedabad -382213 Gujarat- INDIA.
• India Gujarat

Website- www.ambitbiomedix.com