India is a major producer and exporter of Medicine, thus starting a medicine business in India is a very profitable business option. Medicine making business is a type of business that ensures the owner with good returns with low investment. Also, anyone can start this business; even home-based Medicine business is very profitable.
Through cost effective manufacturing capabilities and a few loyal customers, the company also entered the high margin specialty generic formulations segment. Today wffmm Pharma has evolved into a knowledge driven company manufacturing active pharmaceutical ingredients and formulation products. It is R&D focused and has a multi-product portfolio with manufacturing facilities in several in India.
India is the world’s largest producer and exporter of Medicine; therefore it is known as the ‘Land of Medicine’. As per statistics, an estimate of 5.8 million of Medicine was exported from India in the year 2012-13, with syrup and Medicine being the top exported. India were amongst the top importers of these Medicine in terms of values. Additionally, the as per the data the value of export to the country was Rs. 2115 crore and Rs. 2019 crore respectively. Today, the current market needs are also generating enough opportunities for the Medicine Industry.
Regardless of the fact that your business is small-scale or large-scale, you have to get these registrations and licenses;
