Starting a new pharmaceutical business requires diligent research and planning to ensure a successful business that has scope for growth. The icing on the cake is if you get franchise rights from monopoly pharma companies in the area you wish to operate in.
The trend is not new but has generated more attention in recent years partly due to India’s predominant role as a global medicine manufacturer & supplier and partly due to the fact that this business needs very little investment but holds potential for great returns.
To some extent, the ones for PCD pharma franchise growth also lies with the government’s liberal policies for the pharmaceutical sector that encourages the supply of quality yet affordable medicines to people of all sections around the country.
Monopoly Pharma Companies in India
Many small and large pharmaceutical companies offer monopoly rights for medicine propaganda and distribution in a distributor’s allotted area. Such Monopoly Pharma Companies are plenty but finding the right one is a sure way towards unparalleled profit and growth.
To get PCD distribution rights on a monopoly basis requires a distributor to apply to a pharma company for marketing and distribution rights in its area of operation. By signing an agreement, the distributor reserves monopoly rights for pharma PCD of all or few products associated with the pharma franchise company in that area. This implies that the pharma franchise company cannot hire any other distributor for those products in the same area relying entirely on one franchise (distributor) for business sales.
Advantages of PCD Pharma Model
- The capital investment required is low
- No sales targets for distributors
- Minimum batch orders possible
- Wide State-wise and district-wise reach supported by strong transportation and delivery network
- The highest quality products that are DCGI approved and manufactured in WHO, ISO, GMP, GLP certified facilities
- A rich customer base