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First step need to take For Starting a Pharmaceutical Company

Query: I am a veterinarian by profession. Have been going through your website from past 1 year and have planned now to give a start to my own pharma company. Please let me know what will be the first step I need to take.  Answer: First Step you need to prepare yourself for Pharmaceutical Company:  Preparation means Choose marketing type, Choose molecules want to launch, Location where you want to launch product, Choose Company, Products Name, Budget available...  Choose marketing type: As number of marketing and selling types present in pharmaceutical market. i.e. Branded Marketing , Generic Marketing , OTC Marketing, Franchise Marketing etc. You need to select any one from above.  Choose Molecule: Once you have selected which marketing type is best suitable for you then you need to select at which segment and molecules you want to work. Check out: How to choose products/service for business? Location: You can't launch your pharmaceutical company all over India or at broad area.

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 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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