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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
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Is it drug license required to sell OTC drugs in India?

Query:
I read your blogs over OTC products. I want to know about if I start ecommerce website for OTC product Then any license required for selling products.
Please share the list of OTC product which is not required any license except GST.

Response:
OTC drugs doesn't mean we don't need a license to sell these products. We don't need a prescription to sell these but we need a drug license for all OTC products that fall under pharma.
There are no pharmaceutical products that can't be sold without a drug license. If a product falls under pharma then you will require a drug license to sell this whether it is prescription drug or OTC drug...
If you start ecommerce website for OTC product then you will require a drug license for selling these products. Only you will not require registered medical practitioner's prescription and without prescription, you can sell these.
Without license only at GST, you can sell ayurvedic and herbal product only....



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