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Queries on starting Pharma Marketing company

Query: Sir, we are 4 friends willing to start a Pharma marketing company . We initially planned a budget of total 4 Lakh. We chosen 5 tablet items and 3 IV products which run on regular basis.  Following of the queries I wanted to share- 1) Is 4 Lakh budget is sufficient for initiating this project?(8 items). 2) How do we introduce general IV products into Private hospitals and nursing homes? 3) How long it will take a time to run this business smoothly and grow? Response: 1) Is 4 Lakh budget is sufficient for initiating this project?(8 items). Best way to know about this is that, you can take rates of your proposed products from manufacturers and calculate your costing. You would have better idea about your budget then. 2) How do we introduce general IV products into Pvt hospitals and nursing homes? We hope you have experience and knowledge in those molecules. You just conduct a market survey about prices at what these products are sold in market and you can sell those at what rates t
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Am I eligible to apply for drug dealership license as Financial Analyst

Query: I am looking to start distributor business in Pharmaceutical so I need complete details from license procedure to apply for distributor ship. Can you please provide the details over email?
Also, I have question that Am I eligible to apply for drug dealership license if I don't have an experience in drug dealership? As I have done MBA in finance and have worked in finance company as Finance Analyst but now, I am interested to start distribution business in pharmaceutical at my place and also please suggest which pharma company's dealership I can apply for on the basis of profit, easy dealership process and formalities, etc. 

Response: For starting distribution in pharmaceutical sector, you require to have wholesale drug license and GST number.

Check out: Procedure and details for applying wholesale distribution license here

You are not eligible for applying for wholesale drug license on the basis of your experience as Finance Analyst. You must have either minimum of one year experience at drug agency or you must be a registered pharmacist.

If we talk about suggestion then this part is to be completed by yourself as we don’t recommend companies. You can search for pharma companies’ dealership on the our Business2Business Portal
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