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What is Pharma Franchise Model? A blog about how franchising works in pharma.

In this article I will tell you about the Pharma Franchise Model and how it is different from other franchise models. Along with Pharma Franchise, I will drop you some basic knowledge about the entire franchise model. Franchise marketing meaning varies from industry to industry. A franchise is a model of distribution and represents the most common business structure that enables the franchisor to capture recurring business from their franchisees. The franchisees are then able to earn profits from the same set of rules, systems and standardized products sold by other franchises across the country. In today's world of marketing, franchising has emerged as a lucrative option for new ventures as it simplifies and streamline the process of starting a business. With so much advanced equipment, efficient manpower, trained professionals etc., many entrepreneurs find it financially rewarding to take up a franchise business. What is Franchising? Franchising is a business strategy that involv
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Documents required to start Medical Store in India

Question:
My name is ----- and currently I am working in small pvt company and now I am looking to start business (Medical Store) and my younger brother has D Pharma and Chemist license so what is the next steps.
I have own shop so please need your kind help to complete documentation asap.

Answer:
Next step is to apply for a Retail Drug License at the Drug Licensing Authority (Mostly District Drug Inspector) office after completing all documents and requirements specified.
Detail of documents required for retail drug license:
  • Application Form
  • Pharmacist registration certificate photo copy.
  • (If proprietor or one of partner is not registered pharmacist, appointment letter and affidavit of pharmacist will be submitted along with registration certificate copy of pharmacist)
  • Academic qualification certificates of pharmacist
  • Date of birth proofs
  • Prescribed fees
  • Ownership proof or in case rented premises, rent agreement with owner detail.
  • Purchase bill receipt photocopy of refrigerator
  • Partnership deed in case of partnership firm
  • Affidavit of proprietor or partners
  • Address proof
  • Blueprint /layout plan of premises in 3 copies

Check in detail: How to start a medical store in India?
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