The pharmaceutical industry in India has been growing at a rapid pace, offering numerous opportunities for entrepreneurs to enter the market. One such lucrative business model is the PCD Pharma Franchise. If you’re looking to start a Pharma PCD Franchise Business in Chandigarh, it could be the perfect way to step into the pharma sector with relatively low investment and minimal risk.
In this blog you will learn about PCD Pharma Franchise in Chandigarh and its advantages and why it is ideal to start the business from Chandigarh. Also what the fluent reader may find interesting we will explain why Third Party Pharma Manufacturing services are helpful in cutting back on your business overheads.
What is a PCD Pharma Franchise?
A PCD Pharma Franchise means simply a style of partnership wherein an owner or manufacturer of pharmaceutical products (the franchisor) gives the authority to an independent trader or company (the franchisee) for marketing, distributing, and selling of products in a particular region only. This testable model also enables new entrants to participate in the pharmaceutical market with little capital investment in machinery and product development. The franchisee typically receives the following benefits:
- Exclusive rights to sell products in a designated territory.
- Access to a wide range of DCGI-approved products.
- Promotional and marketing support from the franchisor.
- Lower investment requirements, as the company handles the production and product approvals.
Why One Should Begin Their PCD Pharma Franchise in Chandigarh?
Since it is located in Punjab and Haryana capital being Chandigarh the proper and well developed markets joined with attractively developed infrastructure is beneficial for setting up PCD Pharma Franchise Business. The city is not only located at a convenient place but has even progressed infrastructure and become a growing segment for pharma and healthcare enterprises.
Here are a few reasons why Chandigarh is a great place to launch your franchise:
Strategic Location: Also, being located at the regional center of North India Le Corbusier’s vision of Chandigarh remains advantageously connected to other cities such as Delhi, Punjab, and Haryana. This make it an important market for pharmaceutical products within the region.
Growing Pharma Market: Being equipped with highly-developed healthcare services the demand for pharmaceutical products of Chandigarh is constantly rising covering most of the therapeutic segments including antibiotics and analgesics and nutraceuticals as well.
Business-Friendly Environment: The city’s utilities and communication are well developed, and the administration provides numerous schemes for investors, particularly for the medical facilities.
Access to Healthcare Professionals: They have numerous hospitals, clinics and physicians that would give them a good market base in pharmaceutical products.
Reasons why PCD pharma franchise business is the best opportunity
Low Investment, High Profit Potential
Yet there is no doubt that the PCD Pharma Franchise Business can be started on really low capital investment. If you do not have to factor the costs of manufacturing plants, research and development, product approval among other factors, it generally has low entry barriers. Also, backed by a reputable pharma company, you get the products that have already built your market reputation making it easy for you to earn good returns.
Monopoly Rights
When you choose to invest in a PCD Pharma Franchise Company you are likely to be provided the sole and exclusive territorial rights on your product. This makes it more advantageous for you because you have the capacity to dominate the market in your region thus not having to compete with other franchisees. This is is a very important concept because exclusive rights can increase the profitability of your business and minimize the threats coming with competition.
Comprehensive Support
A PCD pharma franchise mainly offers its franchise partner’s promotional and marketing assistance services. This may comprise of fliers, photographs, specimens, and frequent information concerning other products and marketing techniques. Moreover the company may also conduct sales training to make sure that you have all the information needed for marketing and selling pharmaceuticals.
Wide Range of Products
The various products that you receive which are authorized by DCGI from the pharmaceutical company are tablets, capsules, syrup, and injectables, and nutraceuticals are also available. This allows it is possible to do you to offer a set of services to help fulfill requirements of the health care workers as well as the patients in your area.
No Manufacturing Hassles
In the PCD franchise model, you are not involved in production aspects or the issues relating to the approvals of manufacturing. The whole manufacturing process is managed by the parent company to guarantee that the products meet the necessary quality. This is useful to those people who want to venture into the pharma industry but do not want to be involved with the production processes.
How Third Party Pharma Manufacturing Can Help Your Franchise
Third Party Pharma Manufacturing is another factor that needs to be taken into account when thinking about the establishment of PCD Pharma Franchise Business. In this model, the pharmaceutical company you get into a partnership with may also engaging in third party manufacturing services and this will be of enormous benefit to your business in the following ways.
- Cost-Effective Production
All aspects related to drug manufacturing, packaging, as well as labeling are undertaken by third party manufacturers. This takes a lot of operational load off you and you get to concentrate only on marketing and sales. The business can avoid the need of having to invest in facilities to build the products as well as in inventory, reducing the total cost in the process.
- High-Quality Products
Third-party manufacturer examined by the company must meet GMP ( Good Manufacturing Practices), WHO and other international quality standards. It keeps the products compliant with appropriate regulatory measures. And very important in the pharma industry where only the best quality products should be produced. When it comes to franchise business, it is essential that your franchise business can market quality products, and this can only be made possible when you have partnered with a reputable third party pharma manufacturer.
- Scalability
Third-party manufacturing is also advantageous for your business since it does not take much effort to scale up when your product’s demand rises. If you are the manufacturer who already has infrastructure and experience in high volume manufacture, you do not have to worry about where you would get the capacity to manufacture more.
- Faster Market Entry
New products can be launched into the market through third party manufacturing at a very short time. This leaves you to concentrate on the sale and distribution of the end product with no interruption from the manufacturer. The faster time-to-market can be beneficial for you as a player in the pharmaceutical industry.
Conclusion
Starting a PCD Pharma Franchise in Chandigarh is a smart and profitable move for those looking to enter the growing pharmaceutical industry. With low investment, exclusive rights, and the support of a reputable Pharma PCD Franchise Company, you can build a successful business in no time.
Furthermore, outsourcing with the Third Party Pharma Manufacturing providers also helps you minimize your expenses as well as deliver your consumer good quality products. Be it operation within the healthcare segment of Chandigarh or moving out in other areas, the PCD Pharma Franchise Business model has proved to be beneficial for the entrepreneurs.