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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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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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