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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

How to start Pharmaceutical Product's Packaging Material Business?

Query:
I am interested to start a small pharmaceutical packaging company and I am looking for some information. I have found your email on google when I was reading your article on how to start a pharmaceutical packaging company. Can you provide me some guidance that how can I start a pharmaceutical packaging company and how much investment require for small scale. 

Response:
You can start a pharmaceutical packaging printing company by setting up machinery and equipment. Unlike pharmaceutical manufacturing plants, there is no requirement of taking drug related licenses for pharmaceutical packaging companies. You can set-up a packaging company just like any other un-regulated sector.
  • Search for premises
  • Take GST number
  • Purchase machinery and equipment's
  • Tie-up with pharmaceutical finished goods manufacturing unit
  • Supply to them
But for starting a packaging company, you need to have knowledge of some skills like basic knowledge of designing, printing process and requirements of pharmaceutical companies. Check in detail about Starting pharmaceutical packaging material start-up here 

Investment required for starting small packaging company is high as latest technology is used for printing and designing of pharmaceutical products packaging. You can start it at small level by providing promotional inputs and accessories to pharmaceutical companies. Later you can gradually expand your business.

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