Is license compulsory for starting a pharmaceutical business in India?
Is license compulsory for starting a pharmaceutical business in India? – The pharmaceutical business is expanding rapidly due to its huge demand. In recent years, there has been a global boom in pharmaceutical companies, particularly in India. The popularity of the healthcare sector continues to grow at an exponential rate and thus, the interest of small-scale entrepreneurs in this field also increases. To start a pharmaceutical business, you require a license from the government.
Is license compulsory for starting a pharmaceutical business in India?
In India, there are several licenses that you need. This includes both a license and registration for setting up and operating a pharma business in India. The process of getting these documents is quite simple and straightforward. However, it can be challenging for many people who are new to the pharmaceutical industry in India. Let’s go through some important points about the requirement of such documentation for setting up your own business in India.
There are different types of drug license application forms like licenses for manufacturing, license for distribution, license for sale, licenses for homeopathic medicines, licenses for blood bank components, licenses for large volume parenterals/sera and vaccines, licenses for examination, licenses for testing, license for analysis, license for drugs/cosmetics or raw materials, etc. So fill out the form according to your requirement and some documents would be required along with this application form which are the Online fee deposit receipt, site plan, incorporation certificate, photo ID proof, affidavit, qualification, experience certificate, address proof, etc.
In the end, as per the law, it’s mandatory for all pharma business owners whether the pharmaceutical manufacturing unit, pcd pharma franchise or any wholesaler, retailer or distributor need to obtain a drug license before operating their business in India. So now you got your answer to “Is license compulsory for starting a pharmaceutical business in India?”
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