With the huge investments in it, Indian pharmaceutical industry is rising across the world; thus offering India an important position in the global pharmaceuticals sector
. By implementing various reforms and policies, the Indian government is providing full support to the pharmaceuticals sector in order to make the Indian pharma sector stand tall in the global market.
With the growth of the industry, the scope of PCD pharma franchise business in India is also becoming very large as there are no restrictions as such when it comes to the volume of the client base. Propaganda Cum Distribution, which is also called as PCD pharma, is a new concept in pharma franchisee, and is gaining the needed popularity for quite a while now. This concept enables franchisee holders to work on the behalf of the Pharma company such as Productions, marketing and promotions of the drugs, wherein there is no pressure of high investment and targets in this business.
Another advantage of this concept is that it is a mutually beneficial agreement for both the Pharmaceutical Company and the franchise license holder. PCD pharma will be a perfect concept for newcomers in the pharma industry, where he/she can get the needed knowledge before committing themselves fully into the business landscape.
Furthermore, without any qualification requirement or any other prerequisite whatsoever, PCD franchise can be started by anyone. This is best for people who are new to the world of the franchise business and just trying to get an initial experience. But when it comes to Pharma franchises, one must have some work experience, and also a minimum educational qualification of secondary higher education, or SSC from a government recognized board and institute, and also a minimum managerial experience of 2-4 years.
Benefits and Requirements
Some of the benefits of PCD Pharma franchisee are the availability of medicines all time, employment opportunities to many people, on time delivery of medicines, growth in the industry, supply for products in every part of the nation, and also the availability of a wide range of medicines.
Hence if one wants to start up their own PCD Pharma Franchise, they would require the drug license, sales tax number, GST number, Tax Identification Number (TIN), Pan Card of the company and the franchise holder, ID proofs of the Franchise Holder.
Challenges to overcome
However, there is always some kind of risk factor that is involved, and same is the case with PCD Pharma Franchise. Hence, one should carefully look at parameters such as not selecting the right pharma company for Franchise, not keeping track of financial health and expenses, such as marketing issues such as over-stocking of medicines can spoil the unused or un-sold medicines, not cutting on useless expenses, among others things.