What is the Scope of Pharmacy Franchise Company in India?

When you decide to launch a pharma franchise company in India, you should have no doubts about its scope.

Experts say that it is a business opportunity that has immense potential. The current worth of pharmaceutical industry in India is more than 240000 crores that are approximately 35 Million USD.

The government of India is aiming to take it up to 55 Million USD. Thus, you can imagine the incredible business potential of it.

Hence, you have taken the right decision to launch a pharma franchise business.

Before moving further, let’s understand what a PCD franchise and pharma franchise business is?

It is possible to take up the business of marketing pharma products through PCD pharma franchise model and pharma franchise model.

PCD is the abbreviation of Propaganda Cum Distribution. It is a smaller unit which requires a small investment.

Pharma franchise requires relatively more investment.

The key points of Pharmacy Franchise Company in India

• The business opportunity is available Pan-India.
• Investment plans are flexible as per the need.
• The pharma company you get associated with supports you all the way. It offers tools, schemes, and credit.
• The business targets are achievable, practical, and not exceptionally high.
• The sales targets are not exceptional as compared to other forms of business. 
• Since the products are in good demand throughout the year;there is a good potential to expand the business.
• Pharma company offers the whole range of promotional tools to attract doctors and customers.
• The Return on Investment is high.

Since the business is predominantly a sales business where one has to market pharma products and medicines, it gives immense flexibility and freedom to work.

Conclusion

You need to have a few documents to get into the pharma franchise business. Also, you have to pass the eligibility test.

It is essential to read the requirements and qualifications mentioned in the Drugs and Cosmetics Act.
You should meet a legal expert if there is some confusion about it.

To get success in the business, collaborate with a reputed pharma company. Indeed, the investment levels are more significant but so are the returns.

The pharma company assigns legitimate sales targets that are achievable. Pharma companies offer loan facilities or credits when the franchise is in a crisis. However, it depends on the policy.

Hard work is the secret to success. The more efforts one puts in the franchise business, the higher the returns he gets.

Ambit Bio Medix is a leading and one of the best PCD pharma companies in India dedicated to enhance the quality of healthcare industry by providing best pharmaceutical products for distributorship and franchise.

Also Read:

(1) Get Success in Pharma Franchise Concept

(2) Points to Consider While Starting PCD Pharma Company in India