How to start a generic pharmaceutical company in India? - Fossil Remedies

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How to Start a Generic Pharmaceutical Company in
India?
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Pharmaceutical Company
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STEP BY STEP GUIDE FOR LAUNCHING A GENERIC
PHARMACEUTICAL UNIT

• Once you decide to launch a pharmaceutical
  company, now it is time to prepare for it. You
  must remember that manufacturing generic medicine
  is a specialized process.
• You should find out experienced people who have
  a rich experience in the niche. It makes the
  things quite simple.
• First, make a detailed business plan. You should
  arrange the place (rented or lease). Dont miss
  the norms laid by the authorities about the
  premises.
• After this, spend some time in deciding the
  detailed requirements. Thankfully, the government
  has made the process quite simple. Still, you
  should know the process well.

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• Here is a step-by-step guide for launching a
  generic pharmaceutical unit.
• Do it first
• You should start with the brand name, company
  name, and logo. Make sure it is unique.
• You need to register the company first. Once it
  is done, then apply for the trademark and FSSAI
  registration.
• Many people find it more comfortable hiring a
  consultant instead of doing it own. It depends on
  your choice.

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APPLICATION FOR THE ALLOTMENT OF DRUG LICENSE
NUMBER

• For this, you should check who is the local drug
  inspector. Also, you must know who the approving
  authority is?
• Once you meet them, you have a fair idea about
  what all documents are needed and what is the
  procedure for application.
• The inspector will tell you about the specific
  guidelines to be followed. For example, one of
  the partners must be a registered pharmacist.
• Alternatively, you can hire an experienced
  person who is registered in the same registration
  office. The person will be authorized to manage
  on behalf of the company.

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• Get the list of documents you are supposed to
  submit along with the application. It is quite an
  extensive list and takes some time to collect
  everything.
• Typically, the blueprint of the premises,
  ownership details or rent agreement, partnership
  deed, power connection details, pollution control
  certificate, and several affidavits.
• Check the documents twice to ensure nothing is
  missed. Keep a copy of every document with you
  before submitting.

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GST REGISTRATION

• In the new GST regime, you must have GST
  registration number.
• The process is quite simple, but it is online.
  Hence, you should meet a consultant if you arent
  comfortable with it.
• The registration number is unique, and it will
  be mentioned everywhere.
• It is a brief description of the process
  involved in launching a generic drug
  manufacturing process. For further details, you
  can refer the official websites.
• Also Read
• How to Start Pharmaceutical Manufacturing Unit? 

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