How To Become A Pharmaceutical Distributor – Pharmaceutical distribution plays a big role in the healthcare system of India. The pharmaceutical distributor helps deliver medicines and medical supplies to hospitals, pharmacies, and other healthcare centres across the country. These distributors make sure that the right medicines reach people on time.
In India, the pharmaceutical distribution industry is carefully managed with strict rules. To become a distributor, you need to follow these rules, plan well, invest money, and meet all requirements set by the government. It is not an easy job, but it is important to ensure people have access to medicines.
India’s pharmaceutical industry is growing very fast. In fact, it is one of the biggest in the world and is expected to grow even more. The market value of the pharmaceutical industry in India was over Rs. 3,48,600 crores in 2021 and is predicted to reach Rs. 5,39,500 crores by 2024 This growth means more opportunities for people who want to become distributors. In this blog, we will talk about the steps to become a pharmaceutical distributor in India.
How To Become A Pharmaceutical Distributor?
Becoming a pharmaceutical distributor is a profitable journey that requires initial investments and gives you high-profit returns. But the question is how to become a pharmaceutical distributor. Here are the steps to becoming a pharmaceutical distributor in India:
1. Get a Drug Licence
Getting a drug license is the first step to became a medicine distributor in India. This license is a permission from the State Drug Control Authority that allows you to sell, store, or distribute medicines. There are two types of drug licenses: wholesale and retail. To become a medicine wholesaler, you need a wholesale drug license. You have to apply for this license using Form 19 and provide some documents like a copy of the Memorandum of Association (MOA), a rental agreement, and proof that you own or rent the place where you will store the medicines.
A drug licence is a must document in your journey to become a pharmaceutical distributor. Without this licence, you are not able to distribute medicines in your area. If you don’t have a drug licence then you can apply for it or you also have the option to rest a drug licence.
2. Get a GST Number
To become a pharmaceutical distributor in India, the next step is getting a GST number for your pharmaceutical business. Not only for the pharmaceutical business but any business in India, the GST number is important. So, you must register for Goods and Services Tax (GST). For this, you need to provide details like your business name, address, PAN number, and bank account information. Following GST rules is very important in India. You also need to follow other rules related to selling and distributing medicines and medical products.
3. Regulatory Compliance
Pharma distribution in India has strict rules, and it is important to follow them carefully. To work legally and safely, pharmaceutical distributors must obey all the rules set by the State Drug Control Authority and other regulators. This includes getting the required licenses, keeping proper records, and storing, handling, and distributing medicines in the right way. If these rules are not followed, it can lead to fines, legal problems, and harm to people’s health.
4. Fulfil The Infrastructure Requirements
The next step is to become a pharmaceutical distributor is meet the infrastructure requirements. For this, you need to follow the Good Distribution Practices (GDP) and guidelines from the Central Drugs Standard Control Organization (CDSCO). Your storage area must have enough space for medicines and medical supplies. There should also be special temperature-controlled spaces for medicines that need to stay cool.
5. Hire Qualified Staff
Pharmaceutical distribution needs skilled and trained people. The next step to become a pharmaceutical distributor in India is hiring an experienced staff for your business. Top pharmaceutical distributors in India hire experienced professionals to keep things running smoothly. To do this, you must hire a licensed pharmacist who can make sure that medicines and medical supplies are safe and of good quality. The pharmacist is also responsible for keeping proper records and ensuring that the workplace follows all the rules.
Also Read: Step-by-Step Guide to Start PCD Pharma Franchise
6. Build Strong Relationships
A pharmaceutical distributor needs a reliable system to get medicines and medical supplies. To run the business well, you must build good relationships with manufacturers, wholesalers, and suppliers. You should make sure the suppliers can be trusted, offer good-quality products, and follow all the necessary rules.
7. Make An Attractive Product List
Create a product list that is clear and appealing. A good product list can leave a strong impression on your customers. When they see an attractive list, they will trust your products and choose you. This will encourage them to promote your products, which will boost your business sales.
8. Marketing And Promotion
The success of pharmaceutical distributors in India depends on how well they advertise and promote their products. When you become a distributor, you need to make a plan to reach hospitals, pharmacies, and other possible buyers. This plan must also follow the rules and laws for promoting medicines.
These are the detailed Steps to became a pharmaceutical distributor. By following these steps, you can start your pharmaceutical distribution business in India. If you want to become a pharmaceutical distributor in India, Pharvax Biosciences can help you. You can reach us at +91-9888895871 or email pharvaxbio@gmail.com to find out what you need to do to become a distributor and how we can guide you through the process. Start your journey toward your business goals with us. Pharvax Biosciences is a leading PCD Pharma company, offering a great opportunity for new entrepreneurs to join our network. We also provide third-party manufacturing services.
Can I start a pharma distributorship without a pharmacy degree?
Yes, you can start a pharma distributorship without a pharmacy degree, but there are a few important things to know. A pharma distributorship means you will be selling medicines to pharmacies, hospitals, or clinics. Having a pharmacy degree can be helpful because it gives you more knowledge about medicines but it is not necessary to run a pharmaceutical distributorship.
What you need instead of a pharmacy degree is a valid business license and a good knowledge of the pharmaceutical market and the types of medicines you want to sell. You will also need to follow the rules and regulations set by the government, like getting a drug license. Furthermore, It is important to maintain strong relationships with pharmaceutical companies and ensure the medicines you distribute are safe and quality-controlled. With the right planning, research, and effort, you can succeed in this business even without a pharmacy degree.
