Launching a Pharmaceutical Manufacturing Plant- If you are a budding entrepreneur with an interest in the pharma industry, then this is the right to time to make an investment. With start-up companies getting financial and moral aid from the government of India, the process of starting a pharmaceutical manufacturing unit has become much easier.
Digitization as well as efforts to make processing of applications easy and fast has minimized bureaucracy thus paving the way for an effortless and smooth start for a pharma manufacturing plant.
Stay with us to read more on how to start a pharmaceutical manufacturing company in India.
Step by Step Instructions on How to Start a Pharmaceutical Manufacturing Company in India
The following steps will guide you through the whole process of setting up a pharmaceutical manufacturing unit in India.
1. Select a Name for your Pharmaceutical Manufacturing Company
We have discussed in other articles the importance of selecting an appropriate name for the pharma manufacturing company. Therefore, your first step should be to select a name for the company. Make sure that the name is unique, simple yet catchy and reflects the nature of your business.
2. After choosing a name, move on to the next step that is contemplating the type of pharmaceutical manufacturing company that would garner satisfactory revenue and success. Whether allopathic, ayurvedic, antibiotics or any other is the big question here.
3. Once the therapeutic category is determined, assess which of these pharmaceutical manufacturing companies would you like to start for the decided category of products.
• Generic Pharma
• Branded Pharma
• Over-the-Counter (OTC) Pharma
• Pharma Export
• Pharma PCD
• Pharmaceutical Manufacturing Plant for Surgical Equipment
4. Register the pharma manufacturing company
5. Fee payment through any of the prescribed modes of payment.
6. Apply for Pharma Drug Manufacturing License
Let us discuss points 4 & 5 in detail.
How to Register Pharmaceutical Manufacturing Companies?
Before setting up pharma manufacturing facilities, the company must be registered either under the Companies Act 1965 or Companies Act 2013. If you are starting the company in partnership, then make sure the company is registered under LLP or Limited Liability Partnership. Small and medium-sized pharma manufacturing companies must register with MSME to enjoy the benefits of micro, small and medium enterprises under the MSMED Act 2006.
Documents Required to Get a Valid Drug Manufacturing License
All pharma manufacturing companies need a valid drug manufacturing license to operate legally. Here is a comprehensive list of documents you need to submit in order to apply for the license.
• Fee Payment Receipt or a Copy of Bank Challan
• Layout Plan of the Manufacturing Plant
• Bills pertaining to Purchase of Machinery & Equipment
• Workforce details and employment consent
• Plant purchase proof or rent agreement
• Partnership Deed
• Partnership details include the name of partners and their address
• NOC from State Pollution Control Board
• No Objection Certificate from local MC
• Loan License letter
• DCGI Clearance Letter
If you are still wary to make a move all by yourself, then get hire an expert or a consultant who could guide you through the process.
In case of queries related to pharmaceutical manufacturing, call +919888885364.
Very useful concept related to this kind of pharma business. If somebody wants to start their business in less investment then it is a very good concept. We give the information about various PCD Pharma companies that gives pcd pharma franchise services.
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