20 November 2018 | News
Franchise generally helps in escaping the 'corporate world' and makes one an entrepreneur. PCD Pharma Franchise business initially may keep investors on their toes but the rewards, both emotionally and financially, are immeasurable.
Pharma Franchise & PCD Pharma has emerged as a potential business sector in the Pharmaceutical Industry. Indian Pharmaceutical Industry is growing with the CAGR of 15% and is expected to touch USD 250 billion by 2020. Investing in Pharma Franchise is considered profitable by pharma experts.
With the increasing scope of Pharma Franchise & PCD Pharma in India, it is not wrong to say that PCD Pharma Franchise is the backbone of Pharmaceutical companies. The trajectory of Indian Pharmaceutical is strong from past few years due to:
The rise in disposable income
Increase in the number of Aging Population
Rising Literacy Level
Improvement in Medical Infrastructure
High fragmentation with the low prices of drugs, low production costs, skills, knowledge, and quality makes the future of PCD Pharma Franchise business bright in the domestic market. If pharma scholars to believed, India's pharmaceutical industry is expected to expand at a CAGR of 22.4 per cent over 2015-20 to reach US$ 55 billion.
180 New Units are coming up in Gujarat with an Investment of around Rs 7,000 Crore
Alone in Gujarat, the pharma industry is booming; "Pharma companies have applied for registration of around 180 new units are to be set up in Gujarat, which is a significant happening. This registration has happened during the past one year. Earlier, we had received around 70 applications annually," said State Foods and Drugs Control Authority (FDCA) Commissioner Hemant Koshiya.
Although this is also due to the expiry of incentives given by the hilly regional states like the north-eastern states and Himachal Pradesh, for which one cannot deny the growth of the pharma sector in India. These are just the figures about Gujarat, there are many other states as well which have pharma industry and great scope for Pharma Franchise business.
Franchise generally helps in escaping the 'corporate world' and makes one an entrepreneur. PCD Pharma Franchise business initially may keep investors on their toes but the rewards, both emotionally and financially, are immeasurable. By being a part of the Pharma Franchise Company, one can achieve good supply of stocks, high advertisement in the market and low-priced products, catering the requirements of a great work experience and helps the individual to earn well.
PCD (propaganda Cum Distribution) and Pharma Franchise both work in the same process where a pharma individual gets the marketing and distribution right from a pharma company and the company provides products, brand name, and support to its franchise partner.