The pharma industry in India gets huge support from the government as it made many liberal policies to enhance pharma trade. The pharma franchise companies offer good scope for growth and expansion in this industry. To make an establishment anywhere in India, a pharma franchise can contact any pharma franchise company with the experience and marketing skills in the pharma industry and by producing the drug license they can operate as a distributor. To establish [FURL=https://www.pharmafranchiseeindia.com/]Pharma Franchise Company[/FURL], it requires huge investments, plans, so as an amateur in the pharma industry it's better to establish PCD.
PCD means Propaganda cum Distribution. When a company permits any individual to sell their products by their name, it is called a franchise business. The PCD’s follows the work ethics and principles of the pharma franchise companies.
The benefits of starting a PCD include:
1. Low Investment capital
2. Low-Risk Factor
3. Large Profits
4. Low Administrative costs
5. Restrictions on suppliers
6. External Risks from other franchises
Before investing in establishing any PCD in India, the individual must follow certain steps:
1. Conducting Market Research:
To understand the demand and supply, the nature of the market, the target audience, competition.
2. Creating a Business Plan:
Creating a business plan with a mission and business by setting up long and short term goal with proper implementing strategies.
3. Determining investment scope:
Operating a business is not easy, there has to be a proper investment plan, profit earning, backups in case of any emergency fixed and variable cost during the time of operation is very crucial.
4. Selecting a Target Area:
Starting a PCD requires targeting a particular coverage area based upon the investment plan.
5. Studying your competitors:
In PCD’s it's very important to note the strategies of the competitors and make an analysis regularly.
6. Getting a wholesale drug Licence:
A wholesale drug license is mandatory to operate a PCD. It must be issued from the issuing authority of the individual’s state.
7. Promoting pharma franchise business:
Advertising and promotion is a part and parcel of the business. To place yourself in a market place it important to advertise your franchise.
Here is some PCD Pharma Franchise Companies List:
1. Safe U Pharmaceuticals
2. Human Biolife India Pvt. Ltd
3. Alleviate Pharmaceuticals Pvt. Ltd.
4. Salvus Pharma
5. Apikos Pharma
6. Elkos Healthcare Pvt. Ltd
7. Rezicure Pharmaceuticals
8. Mandevis pharma
9. Bioethics Life Sciences Pvt. Ltd.
10. PRM Life Sciences
A Pharma Franchisee Agreement:
A pharma franchise agreement is a contract with the [FURL=https://www.pharmafranchiseeindia.com/pharma-pcd-companies/]PCD pharma franchise company[/FURL] and pharma franchisee distributor with the terms and conditions agreed by both the sides to conduct the business.
The documents required for pharma franchise agreement are:
1. A stamp paper
2. Rubber stamp of pharma franchise company and pharma franchisee distributor
3. Name and address of the pharma franchise company
4. Name and address of the pharma franchisee distributor
5. Two witnesses
The pharmaceutical industry is always blooming in India as it is required infinitely. With the increase policies of liberalization, the pharma franchisee companies getting a platform to meet with the pharma franchisee distributor.