Ayursun is a fully integrated organization that is performing great research and initiatives every year to develop the condition of pharma franchise business owners in our country.
Drug License – When it comes to doing business in the pharmaceutical industry to have a drug license is most important. Generally for herbal medicine not required a drug license but we should take a drug license if we are plan to enter a pharmaceutical franchise. If you are into a business that does contain drugs, medicines, etc, a drug license is required as a legal permit granted by the government. under the Drugs and Cosmetics Act, it applies to the whole of the country.
Selection of Pharma Company – Look out for the pharma companies that offer the franchise business and check out the details of each. One must check out the company's reputation, market value before choosing. It is important to check out the major aspects of the company you choose, for instance, product list, offers, and price list with net rate and MRP. Quality certification of the products like ISO, GMP, and WHO.
Choose the Product Range – As per the demand of the market, customers and clients, select the products. It will help a lot in the selection of the products, under the market requirements.
Investment – There is a requirement of low capital when it comes to going for a pharma franchise business. In case of any requirement keep a backup of some capital.
Eligibility Criteria – A graduate requires a minimum of one year of experience as a salesperson from a reputed pharma company. A secondary pass requires a minimum of 3-4 years experience, whereas a person who has authorization from the department of drug control is also eligible for the pharma business.
Registration required for Pharma Franchise Business – As per the norms of the government, the pharma franchise company requires legal registration of the company. By filling the application form, registration can be done online along with several documents required.
At an annual growth rate (CAGR) of more than 17 percent over the last seven years, the Traditional pharmaceutical market has been growing vastly. The Indian pharma companies manufacture and deliver products at reasonable prices in comparison to Global Market.