Question: I want to start my own pharma company and I am not sure that with which medicine should I began my journey with. I will be very grateful if you can help me to find a medicine with future potential and less market competition. I hope you will help me with this. Answer: I recommend you to start with a product that you can easily procure at small quantity whether it has high competition or less Question: Can you tell me some important steps while selecting one Answer: One criteria is to have experience in that product Second , you can get it in small quantity as you have investment less and prevent money for other products Question: Sir I have one more question With which type of people should I start my company with Answer: A business require different-different types of knowledge and experience. You should involve with persons having different experience from you. Like if you have marketing experience then you need account knowledge person Means you need person who fulfil
First we will discuss about licenses and after that documents required for different types of generic own pharma businesses . In generic pharma, you have different types of pharma business like Generic pharma manufacturing company Generic Pharma marketing Company Generic Pharma Distribution and Wholesale Generic Pharma Pharmacy store and Chemist Shop Licenses required for Different generic pharma businesses: For Manufacturing: Manufacturing Drug License Wholesale Drug License Drug Testing Laboratory License GST number For Marketing: Wholesale Drug License GST Number For Distribution and Wholesale: Wholesale Drug License GST number (above 40 lakh annual turnover) For Pharmacy Store and Chemist Shop: Retail Drug License GST number (Above 40 lakh turnover annually) Documents Required for Generic Own Pharma: Documents for drug manufacturing license: Application for grant or renewal of licence to manufacture for sale or for distribution of drugs