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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

Need Help in Starting a Nutraceutical Business

Query:
This is regarding my query to start a nutrition supplement business. I am a non-familiar person to this industry. But I want to diversify my business horizon and feel this would be a good fit for me. Therefore, I would like you to please help me understand the process and ways to set up this business.
Hope to hear from you soon.

Response:
For starting Nutraceutical Manufacturing business, you need to take FSSAI central license. Nutraceuticals are covered under FSSAI, not drugs. So, you can start Nutraceutical Manufacturing Business by taking FSSAI central License in manufacturer category.
FSSAI license is applied online through their portal https://foscos.fssai.gov.in/ . You can meet the Food Licensing authority of your district before or after applying online to know complete requirements and procedures.

Documents required for applying FSSAI Central License for Nutraceuticals:
1. Blueprint/layout plan of the processing unit showing the dimensions in meters/square meters and operation-wise area allocation (mandatory for manufacturing and processing units only)

2. List of Directors with full address and contact details (mandatory for companies only)
3. Name and List of Equipment and Machinery along with the number, installed capacity and horsepower used
4. Analysis report (Chemical & Bacteriological) of water to be used as an ingredient in food from a recognized/ public health laboratory to confirm the potable
5. Upload Production unit photograph
6. Photo I.D and address proof issued by Government authority of Proprietor/Partner/Director(s)/Authorized Signatory.
7. Proof of possession of premises. (Sale deed/ Rent agreement/ Electricity bill, etc.) .
8. Partnership Deed/Self Declaration for Proprietorship/Memorandum & Articles of Association towards the constitution of the firm
9. Form IX: Nomination of Persons by a Company along with the Board Resolution.
10. Category of the product as per Food Safety and Standards (Health Supplements, Nutraceuticals, Food for Special Dietary Use, Food for Special Medical Purpose, Functional Food and Novel Food) Regulations, 2016 and List of Ingredients.

By this way, you can start a Nutraceutical manufacturing Company....

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