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How PCD Pharma Franchises Changing the Pharmaceutical Industry in India by 2020

Indian pharmaceuticals industry is rising across the world, with the huge investments in it. India has an important position in global pharmaceuticals sector. The Indian government is providing full support to the pharmaceuticals sector by implementing various reforms and policies, in order to make the Indian pharma sector stand top in the global market.

Before knowing how PCD pharma franchise is changing Indian pharmaceuticals industry let us understand the concept of PCD Pharma.

Understanding the concept of PCD Pharma Franchise

Propaganda Cum Distribution in short called as PCD pharma is a type of franchisee agreement. It is a new concept in pharma franchisee. The franchisee holder is given the right to work on the behalf of the Pharma company such as Productions, marketing and promotions of the drugs. There is no pressure of high investment and targets in this business.

How is this Changing the Indian Pharmaceuticals sector?

There are a lot of new opportunities coming up in the pharmaceuticals industry with the emerging of newly developed and well settled Pharma franchisee company. The market competition is increasing rapidly. The newly developed franchisee company provides a lot of opportunities for the distribution, medical representatives etc. this is providing growth in the pharmaceuticals industry across the nation leading to the improvement in the economy of the country.

PCD Pharma franchisee is providing the following benefits:

  • Availability of medicines all time
  • Providing Employment opportunities to many people
  • On time delivery of medicines
  • Growth in the industry
  • Supply for products in every part of the nation
  • Availability of wide range of medicines.

Things to consider before choosing a Good Pharma company:

It is really important to know about the company before taking the franchise. Taking the right company franchise is essential. You have to be really alert choosing a company, the list of things that need to be considered before taking the franchise are:

  • Quality of the range of product offered.
  • The company is legally established with national and international standards such as,ISO, CGMP, GLP, DCGI, FSSAI, WHO.
  • The company should be profitable
  • Medicines at competitive and affordable rates
  • The company should possess a good market value
  • Company following strict quality measures.
  • On time delivery of medicines.

What are the Requirements to start a PCD Pharma Franchise?

  • Drug License
  • Sales tax Number
  • GST number
  • Tax Identification Number (TIN)
  • Pan Card of the company and the franchise holder
  • ID proofs of the Franchise Holder

We hope this article has given you some understanding about how PCD Pharma franchisee is changing the indian pharmaceuticals Industry. If you like to know more about the pharmaceuticals industry and PCD pharma franchise, then fell free to contact Mediday Healthcare Pvt Ltd. We are the leading PCD pharma company in India. If you would like to know more information about our company and the products offered by our company, feel free to contact us and visit our official website to know more details. We will be happy to help you set up your Franchise Business.

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How to start a Pharma Franchise or PCD Pharma in India?

If you ask a pharma franchise owner, he may suggest you how profitable this business has been all over the world. And, the primary reason behind it is the booming market of the medicine and healthcare services that people of all ages require. But, setting up a capable PCD pharma in India is not that simple. Many people are confused about how the process works or how they should proceed with this business.

Process to start PCD pharma or Pharma Franchise business

The fundamental step to start a pharma company is by gathering enough information first. You will need to research properly as you are about to invest in the business – whether it is a PCD pharma company or a Pharma franchise.

Market Research
Market research is important in any business. It keeps you several steps ahead of where you are about to head in your business scheme. Research the pharmaceutical company that you are looking forward to invest in before starting your PCD pharma or pharma franchise.

Availability of the pharmaceutical products
To start a PCD pharma or pharma franchise you need to build up a list of products that you are about to sell to your customers. Do note that the list of products should be genuinely available with the pharmaceutical company. Many companies just create fake product lists, which later can be troublesome for your franchise business when you are looking to supply to your customers.

Be specific about the terms of payments
If you are low on investment and are looking for products on credit, then do make sure that you are choosing a pharmaceutical company that is ready to give you products on credit. It is always prudent to start affiliation with a company through an advance payment so that you can stay on the good books of the manufacturer letting you have access to the supply more often without any limitations.

Keep track of the terms and conditions as well
Your relationship with the company to start your pharma franchise or PCD pharma needs to be properly agreed with terms and conditions on paper. Do not rely simply on a verbal agreement as this could only make it harder for you to keep track of in the future.

No obligations related to targets is important
Some companies apply terms related to fulfilling of targets. Unless you are fully aware of such agreements and are willing to take the risks, do not agree to them. Try choosing companies that do not restrict you on fulfilling targets.

Getting PCD Pharma Franchise Procedure

After research and studying of the terms and conditions, your next step is to execute the second phase of your PCD pharma or pharma franchise business plan.
While there is no accurate procedure to setting up such a business as every pharmaceutical company has its own rules and regulations. However, in India district-based distribution is the most common one.

Following are the steps involved in the process of getting PCD Pharma or Pharma Franchise:

  1. Select the market area you would like to start your business at.
  2. Find the right pharmaceutical company from where you would like to acquire your pharma franchise.
  3. Send in all your pharma franchise-related queries to the company whether they are looking for dealers. Try sending to several companies and wait for their response.
  4. Ask for the price list and all information based on the products they sell.
  5. Compare all responses and choose the most appropriate one.
  6. Generate an agreement with your chosen company based on their terms and conditions.
  7. Finally, you can move on to start your PCD Pharma Franchise
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How much investment is required to start PCD pharma franchise in India?

Every business requires some investment. Whether you aim for a small or big business or look forward to start a franchise, there is a requirement for an initial amount of money as an investment to start with. The initial investment will take care of a number of requirements such promotional aspects, advertising, employee salary, and the goods to be purchased. Investment in a pharma franchise company also covers up similar steps.
A Pharma PCD company involves an affiliation with a third-party pharmaceutical products manufacturer from whom you will gain a franchise to sell their products to customers. The benefit of such a business is that you can start the business with your own brand name. So, all you have to do is market medicines produced by other manufacturers and gain profits. Indian pharma PCD companies have always focused on various pharma products that offer them a monopoly in the market. But, it all requires a huge investment. Moreover, you need to have proper certifications to start your franchise that covers up drug regulation policies as well.

Guide To Understand the Investment Needed For Starting PCD Pharma or Pharma Franchise

  1. Your investment in the pharma PCD company will involve you to invest your money in the products, marketing and the doctors.
  2. Your investment money should also be targeted towards the storage areas in your store where the purchased products are going to be kept. Medicines have to be located in safe places with big storage rooms. Be ready to pay in advance for the purchases related to the medicines as Indian pharma PCD companies that manufacture medicines are going to ask for an initial amount to start. This can be around Rs. 25,000 minimum.
  3. Your money will also be invested in promotional aspects that include the company logo, catch covers, internet advertisements, visual aids, etc.
  4. Investment in your chosen pharmaceutical company for your pharma franchise company should also be started only after gathering information related to the competition in the market. If you find it feasible to invest, then proceed with it.
  5. Set up your margin before investing upon your employees as well as your business requirements. After all, profit is the main goal.
  6. Invest only if you feel that the quality of the products is high enough to provide to your potential customers.
  7. Investment in product delivery services is also an important aspect of pharma PCD company. Many customers look forward to getting products delivered to their desired locations, so you should raise the quality of that sector.
  8. Many Indian pharma companies are willing to give discount on larger investments. This discounted money can be used in other departments of your business, so if you can invest more, then you can save more.
  9. Besides these investments, you are also likely to invest on documentations and licensing.
  10. Buying medicines in bulk will cost you less, so that is another way of lowering your investment.
    While setting up a pharma franchise company may sound easy, not all succeed in this business. To simplify your issues while running this business, you will need to research properly before acquiring franchise of a particular pharma company.
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