What Are The Requirements for Taking a PCD Pharma Franchise? – Want to start your own business of franchise? Are you new to the business world or the industry? Do you have sales experience and want to start a profitable venture? Want to start a PCD business? What are the requirements for taking a PCD pharma franchise in India? The Pharmaceuticals industry is rapidly growing with consumer, health and hygiene awareness. The Indian pharmaceuticals share a good hand in contributing towards GDP of the country with a share of 5%.
The Indian pharmaceutical industry is more than US $ 36.7 billion in 2016 which is growing at a rapid speed of a CAGR of 15.92 %. It is forecasted that the industry will reach a mark of US$ 55 billion by 2020. Investing in a sector that is said to get the least affected by the Good and Sales Tax (GST) is the best place to establish a good business. The industry serves the masses with medicines, drug, and products which have good demand round the clock. In this article by Remedial Healthcare, we will discuss the requirements for taking a PCD pharma franchise in India. So, here we go!
Qualification and Experience Requirement for Pharma Franchise
Every business needs an experienced head. PCD formats follow a business venture for those who do not have many qualifications but the determination to achieve well through their sales target. The success of a business if surely dependent on the currency flow but experience can take it to another level. A Pharma Franchise firm usually looks for two things:
Minimum 3 to 4 years in sales and marketing field of pharma products. It is best if it is done in a reputed Pharma Company.
PCD Companies usually does not ask for qualification but some may ask with a minimum SSC or 12th done from a recognized board or be a graduate which is rare in many cases.
Registration Document assigned For PCD Pharma Franchise
Pharma industry is quite a strict industry as it involves lives of people through drugs and medications. Various licenses and registration have been made mandatory in order to achieve a PCD franchise business from any pharma company. The documents which you will be requiring to submit to the company are as follows:
Drug License Number: Rs5000 which may vary from state to state.
Tax Identification Number (TIN): Rs4500.
The introduction of GST will make changes to tax which will affect your business. Know more about it as it has abolished a number of taxation series into one i.e. GST (Good and Sales tax).
