Do you think that India is a great place to launch a pharma business? Yes, indeed it is. In the past few decades, the Indian economy has done remarkably well. Many sectors have performed well, and the pharma sector is one of them.
And the journey of growth has not ended yet. There is a great potential still, to prosper and flourish. Those, who don’t mind taking a risk in the business must reap the opportunity by launching a pharma company.
Before you make up your mind about launching the pharma business, you should know about the investment requirements. Money is an important criterion. Therefore, you should spend some time gathering information about the investment requirements.
How much does it cost to Start a Pharmaceutical company?
Does it need the fortune to launch a pharma business? No, it is not like that. One can launch the business on a limited budget also. The main thing is you should know the different aspects of costs while doing the research about a pharmaceutical company.
There are various prerequisites and legal compliances before launching a pharma company.
The important thing is certification.
Another important thing is company registration and DLN (Drug License Number). You may need up to 20000 rupees to arrange them. However, it is an estimated figure. You can ask for the exact amount from a reliable source.
For FSSAI registration and trademark, you need around 10K.
You have to take the GST Number before launching the business. There is a separate fee for it.
If you think about the recurring operating cost, then they are infrastructure maintenance cost, electricity, human resources, legal and statutory costs, tax and audit liabilities, and so on.
Minimum Investment to Start a Pharma Marketing Company
If you are thinking about launching a Pharma Marketing Company, then it will be less costly. The reason is you will have to spend less on the infrastructure. You need the promotional stuff and other things to market your products. You will need money for promotional stuff, working bags, catch covers, visual and internet ads, and so on.
If you ask SME (Subject Matter Expert), then the investment required will be One Lac to Two Lac. It will be based on the size of the business and other overheads.
For a pharma marketing company also, you will have to fulfil statutory and regulatory obligations. You will require an agreement and licenses. You need some money for that.
Minimum Investment to Start a Pharma Manufacturing Company
You are required to get licenses and approvals to launch a pharma manufacturing company. The main expenses are Drug License, GST Registration, FSSAI Registration, licensing costs, and so on.
You will need a manufacturing unit, either outsourced or owned. The approximate overall cost of launching a pharma manufacturing company is five to ten lacs. The cost depends on the complexity and size of the business.
Launching a pharma business will be a profitable proposition because there is a great scope for growth. You do not need very large money for pharma business.
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