An investment made with knowledge pays the best interest. Indeed, you must know how much money is required when you plan to start a pharmaceutical company in India.
The business scenario becomes more and more dynamic with every passing day. Hence, one should know about different aspect beforehand.
Money is the vital factor when you launch a pharmaceutical company in India. How can you calculate the investment required?
Experts say that seasoned financial planners can do it accurately. Despite how accurately financial planning is done, it is recommended to keep some money reserved for contingencies.
Certification and licensing
A PCD Pharma Company is supposed to have a list of licenses and approvals from various authorities. Out of these, some are one-time and some recurring.
- To acquire drug license number and company registration you need 15000 to 20000 rupees. The cost of drug license number varies from state to state.
- FSSAI registration is a recurring cost. Though a marginal one (100 rupees annually), it is a compulsory cost.
- Trade Mark costs are 5000 rupees approximately.
- You need to obtain Tax Identification Number or TIN if you do not have. It costs around 5K.