How to Start a Wholesale Pharmacy Business in India?

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Rx Biotech
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How to Start a Wholesale Pharmacy Business in
India?
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Wholesale Pharmacy Business in India

• It is the aim of every entrepreneur to generate
  profit. Hence, it is important to choose a
  business that ensures guaranteed returns.
• If you rate the most successful business
  endeavors in India, then the pharmacy business
  gets quite a high rating. It is because the
  sector has performed phenomenally well in the
  past few decades and the successful growth is
  expected to continue further.

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• Are you checking for opportunities in this
  sector? If yes, then starting a wholesale
  pharmacy business is a good choice. It is a
  business that requires relatively less capital
  and space. Therefore, anyone can start it.
• The process of starting a wholesale pharmacy
  business is a multi-step one.
• This blog tells you about that.

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What are the Types?

• Before you start the business, it is essential
  to know about various types of wholesale pharmacy
  businesses. There are three varieties mainly
• Clinical drug store It is a business that can be
  established under some big doctors clinic or a
  prestigious hospital. In both cases, the success
  of the business depends on the popularity of the
  hospital or doctor.

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• Standalone store It can be established under
  association or proprietorship. Its success
  depends on the competition in the market,
  reputation, and the location of the drug store.
• Chain store You can become a franchise of a
  reputed, large drug company. It gives you the
  benefit of the brand reputation and goodwill.
  This business model is relatively easy to earn
  profits. Competitiveness and location play an
  important role.

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Legal Procedure

• As per the rules, anyone who is graduated in
  pharmacy and has experience of at least one year
  in the field can apply for wholesale business.
• You have to obtain a license from the controlling
  authority.
• Nowadays, GST is made mandatory to launch the
  business, you have to collect the following
  document

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• Application form to be filled in the prescribed
  format
• Covering letter of the applicant
• Challan of the fee deposited
• Declaration plan
• Key plan, site plan, and possession certificate
  of the business premises
• Proof of ownership of the land and premises
• Proof of constitution of the business based on
  the type of the business, partnership deed,
  undertaking letter, incorporation certificate,
  etc.
• Proof of appointment of a registered pharmacist
  working full-time in the company
• Authorities have a close watch on every wholesale
  business. It checks the standards of display,
  storage, and sale.

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• The right kind of premises is important in a
  wholesale pharmacy business. You need a proper
  place and a big warehouse.
• Rx Biotech is a leading PCD pharma company for
  the pharma products and Franchise Marketing. One
  of the best pharma franchise companies in India
  offering monopoly rights to pharma companies in
  India with top medical promotional schemes.

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THANKS!

• Any questions?
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• 7042111241
• admin_at_rxhealthcare.co.in