Starting a pharmacy wholesale business can be a lucrative venture, but it requires careful planning and a significant investment. The cost of drugs stored in the pharmacy is included in this, and drugs costing around Rs 20 lakhs — Rs 50 lakhs should be distributed to retailers in the form of a loan to establish a healthy professional relationship. Collaboration with existing medical stores is very beneficial when the dealership can offer more interesting offers and benefits. Providing local clinics or pharmacies with better quality drugs at the same price or greater incentives at the same retail price can ensure a wider market for the business. Pharmacies in Tier 2 and 3 cities prefer cheaper drugs from alternative drug companies, while medical stores in metropolitan cities prefer larger discounts without reducing MRP, provided quality is not compromised.
Under the Pradhan Mantri Bharatiya Janaushadhi Pariyojana (PMBJP) scheme, the government aims to provide generic or cheaper drugs to the population. Generic drugs make up the largest segment (70%) of India's pharmaceutical sector, and OTC drugs (21%) and proprietary drugs make up the remaining 9%. The National Essential Drug List (NLEM) states that drug prices under the First Drug List are set evenly for all brand name and generic drugs that contain the same active molecule. In the case of non-scheduled mode, manufacturers are free to increase the Maximum Retail Price (MRP) by more than 10% of the MRP. The sale of generic drugs cannot improve the margin as much, but this can help to take advantage of government benefits in association with the plan, the training of the pharmacist or other staff members, price discounts. So, how much money do you need to start a successful pharmacy wholesale business? It depends on your location and resources.
If you belong to a normal city like Gurgaon, Delhi, etc., then 20 lakh is a low budget for wholesale distribution. In addition, age is not the restriction until the licenses and educational degrees mentioned in the article have been required. If you want to start in suburban areas or in a village, then Rs 5-6 lakhs is enough to start. But if you want to start in a city, you'll need around RS15-25lakhs.
You can even apply for government loans for additional funding if you want. My father has started a drug wholesale business from just 20,000 rupees. I want to start a wholesale generic drug business, I'm from the Mumbai Kurla suburban area, so what I have to do first and give me your contact number? If you have 20 years of experience in manufacturing API & formulations in quality control and quality assurance departments, I have completed my degree in chemistry, zoology and botany, I can budget up to 50 laksh, if additional qualifications are required, suggest regarding the qualifications and procedure mentioned in guidelines of the drug council of India. Both ways are great, but in the second, you take a long time to get to full execution, whereas in the first you need to visit too many banks. You can decide based on your resources and efforts. Sir, I want to start a drug wholesale business in Calcutta on a very small scale.
Can I start with 20 lakh rupees? I have 13 years of experience in the pharmaceutical industry with several segments. I have now decided to start with my own pharmaceutical distributor and liaison agents to supply drugs to the state government institution, the military, the ESIC and the PSU sector. Could you suggest to me to start the new distributors what documents I need from me and also how much I need to invest to start? So, do you want to start as “1mg” and “Netmeds”? Or you want to do something else, contact me personally for the same help. Hello sir, I want to open my own retail pharmacy. Could you tell me what the total cost will be and how to start it? I have my own location and I also have 17 years of experience as a medical provider. Could you help me please? If you like a city like Gurugram, you'll need between 20 and 30 lakh rupees to start on a decent scale. I want to start a drug store point.
Can I start dealer points with this quantity? I want to start pharmaceutical distribution in dist. I have 10 years of experience in the retail sector and I also have a 10 year experience certificate, can I create this firm? And how much budget is needed for this location? I don't have a budget so I have to apply for a loan. So tell me what I can do. Hello sir, I am currently preparing for MBBS and I want to open a drug company in New Delhi. Now I'm 18 years old and I have no business idea.
Can you help? And can you suggest some websites or something to learn more about business? PS: Miracles never happen in 1 or 2 years; they took years of preparation; they only became visible in the last 1 or 2 years which causes a lot of confusion in minds of normal people. I have completed my degree in Pharmacy; my city is in medium development; and I have an excellent network. My father is a doctor and his network is also exceptional. So can I start a wholesale business in 15 rupees? Sir; I want to start a wholesale medical store; I have completed a master's degree in industrial chemistry; and I have one year experience of Tewa API company as chemist in quality department; and also have 18 months of experience in wholesale medical store. So can I open a wholesale medical store; what is process such as store area; other things? Please tell me details. We have valid drug license; our facilities are located at first-rate market complex (total 1200 square feet of retail space); we have all furniture; computers etc.
What is minimum investment needed store medicines bulk get decent start drug wholesale business Bhubaneswar? The question is what is minimum amount investment required store distribute medicines.