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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

Minimum Investment required to set-up Pharmaceutical Manufacturing Plant

Query:
I got your mail ID from the internet and wanted to interact with you regarding the setup of new pharma manufacturing plant requirements and the least amount to be invested.
I have been working with a pharmaceutical manufacturing plant for the last 16 years. Also can you please help me out in clearing my doubts regarding the setup as I won't have a lot of cash in hand and wanted to take a loan from a bank.

Response:
Starting a pharmaceutical manufacturing plant is a costlier project. It requires a premises in the Industrial area and specifications as per Schedule M. You have to complete all requirements as per schedule M and apply for a manufacturing license at your concerned state drug licensing authority office...
Check documents and requirements for starting a pharmaceutical manufacturing unit by clicking here
Investment is not fixed and varies location to location. But pharmaceutical manufacturing plants have to set-up by compiling with current government specifications. Minimum investment required for setting up pharmaceutical manufacturing plants is at least 40 to 50 Lakh rupees.

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