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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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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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