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What is the Procedure to Start a Pharma Marketing Company in India?
Starting a pharmaceutical marketing company could be wise if you have the necessary expertise and domain experience. With incentives from the Government of India for startups, launching a pharma marketing company is now much more accessible than ever before.
Here, we will discuss how to start a pharma marketing company and the pharma marketing company registration process in India.
Significant Steps to Initiate Pharma Marketing Company in India
Starting a pharmaceutical marketing company in India has precise steps to follow. Building the right team, researching the market, and creating a solid plan are all essential steps for pharma business success.
Step 1 – Get your Pharma Marketing Company Registered
Getting your pharma marketing company registered is an essential first step. Compliance standards must be met to ensure everything is legal and above board. To make the process easier, hiring a consultant who can help with the registration process may be beneficial.
Step 2 – Apply and Get a Drug License Number
After receiving the registration certificate, you must obtain a wholesale drug license number. This requirement is mandatory. To do so, contact the drug inspector and drug selling authority for assistance.
As per the rules, one of the business partners or the company owner should possess a pharmaceutical degree. If no one in the company has this qualification, it will be necessary to appoint someone who does.
To complete your application for the license, you will need to provide affidavits, a blueprint of your firm, proof of ownership or rent agreement, and a legal partnership deed.
Although this list covers all required documents, always call a legal professional for the latest information when applying for a drug license number.
Step 3 – Apply and Get an Authorised GST Number
Obtaining the GST number is vital if you are launching a pharmaceutical marketing company in India. It would be best if you had a turnover of more than 2.5 million rupees to get this number, but other factors may also be considered.
It would be best to obtain the GST number within three months of launch. Following these steps will ensure that your company has a valid tax ID and can start a pharma business in India.
Step 4 – Obtain an FSSAI Registration and Business Trademark
You will finally need a registered trademark and FSSAI registration. For that, you require to connect to the right authority.
Moving Forward with Starting a Pharmaceutical Marketing Company
So, if you want to initiate your own pharma marketing company in India, let us make the procedure easier for you by introducing Kamron Group – a top PCD pharma franchise in India. At Kamron Group, we are one of the best PCD franchise companies in India. Reach out to us; our team will provide you with all the insights you need about our pharma franchise business.
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