How to Start A Wholesale Pharmacy Business In India?

The pharma industry is one of the leading industries in India. As far as volume is concerned, it is the 4^th largest in the world. Also, with the overwhelming financial growth in the country, it has become a lucrative business. Among various business models, setting a pcd pharma franchise company in India is a good way of making money.

What is a wholesale pharmacy business? It is a B2B pharmacy model. Pharma experts rate it high because of its higher potential for growth.

However, starting a wholesale pharmacy business in India has a few prerequisites. You must know that before stepping in.

What are the Different Types of Wholesale Pharmacy Businesses?

Before you jump on the best way to launch your own wholesale pharmacy business in India, you must know its types.

Standalone Pharmacy, or in common language, the chemist or a general medical store. One can manage a wide variety of medicines.
Hospital Pharmacy: It is to team up with a big hospital or medical institution.
Online Pharmacy: To work with wholesalers, merchants, and direct customers through online platforms.

Legal Formalities

A person that is graduated in pharmacy and carries an experience of at least one year can apply for the wholesale pharma business.

The controlling authority that gives the permit to run the business is CDSCO. GST registration is essential before proceeding further.

The following documentation is required:

Properly filled application in the required format
Covering letter of the candidate
Challan of the fee deposited
Declaration plan
Site plan of the physical infrastructure and building
Proof of ownership
Proof of the constitution of the business
You need to appoint an enlisted pharmacist full-time and attach proof of it.

Since CDSCO is the regulating authority, it keeps a close watch on every wholesale medical store business. It is because maintaining the standards of capacity, display, and sale of the medicine is very important.

If there is any doubt about the rules or regulations, then it is better to meet a Kamron Group.

Make sure you have adequate space

When you are the top pcd pharma franchise company in India, your priorities are different. But when you launch a wholesale business, you need to have the right type of premise. A large, closed, and secure warehouse is the prerequisite.

It should follow the norms and standards of storing medicines. They are related to safety, security, air-conditioning, and hygiene.

A licensed wholesale pharmacy business can sell medicines to an individual who holds the necessary license to exhibit for the sale or distribution of the medicine and not to the retail customers directly.

The wholesale pharmacy business model has great market potential. It can generate good revenues if the selection of products is well and the right kind of B2B marketing strategies are followed.