pharma export company

India is known as the “pharmacy of the world” due to its extensive pharmaceutical manufacturing capacity and cost-effective medicines. The country has established itself as a major player in the global pharmaceutical export market, supplying medicines to over 200 countries. If you’re planning to start a pharma export company or want to understand the process of exporting medicines from India, this comprehensive guide will help you.

Pharma Export Company: A Complete Guide on How to Export Medicine from India

India is known as the “pharmacy of the world” due to its extensive pharmaceutical manufacturing capacity and cost-effective medicines. The country has established itself as a major player in the global pharmaceutical export market, supplying medicines to over 200 countries. If you’re planning to start a pharma export company or want to understand the process of exporting medicines from India, this comprehensive guide will help you.

Why Choose India for Pharmaceutical Exports?

According to volume, Indian Pharmaceuticals are the third most significant in the world, while Indian Pharmaceuticals are the 14th in value. Here are some reasons why Indian pharma exports are thriving:

  • Efficiency in Production: Indian pharmaceutical companies have the ability to offer low costs due to mass production through Flux Rivers, Anderson Technology Labs and optimal production methods, among others.
  • Marketing And Promotion: Indian pharmaceutical companies have advanced in marketing and promotional strategies. Always striving to make distribution chains easier should help the Indian PPCs to develop in no time when there is stable demand.
  • Varieties of Products: From mass produced and easy rebranded medicines to Active Pharmaceutical Ingredients (APIs)- numerous pharmaceutical options are guaranteed in India.
  • Government-Commercialization : incentives are increasing in effectiveness: the rural industrialization strategy in India is gradually reducing controls and production-linked incentives schemes.

Steps to Export Medicines from India

Here is how to start a Pharma export business along with the steps on how to start exporting medicine:

1. Understand the Market

  • Conduct thorough market research to identify the countries with high demand for Indian medicines.
  • Focus on regions with healthcare challenges or where Indian generic drugs are in high demand, such as Africa, Southeast Asia, and Latin America.

2. Register Your Firm

  • Select any one type of business format such as sole proprietorship, partnership, private limited company.
  • Incorporate your company with Registrar of Companies (ROC), as per Companies Act of India

3. Get Required Licenses and Certifications

To export medicines legally, you need the following licenses:

  • Import Export Code (IEC): Issued by the Directorate General of Foreign Trade (DGFT).
  • Drug License: Required under the Drugs and Cosmetics Act, 1940.
  • Goods and Services Tax (GST) Registration: To comply with tax regulations.
  • WHO-GMP Certification: A global benchmark for good manufacturing practices.

4. Determine The Products Which Will Be Exported

  • Choose pharmaceutical drugs that were approved for export by D C G I – Drug Controller General Of India.
  • Check that the products conform to the laws of the importing country.

5. Partner with Logistics Providers

  • Collaborate with reliable shipping and logistics companies experienced in handling pharmaceutical products.
  • Opt for temperature-controlled shipping for medicines that require cold storage.

6. Comply with International Regulations

  • Study the regulatory guidelines of the importing country.
  • Prepare the necessary documentation, including certificates of analysis, batch manufacturing records, and invoices.

Conclusion

Starting a pharmaceuticals export company and exporting medicines from India can be a lucrative business opportunity. However, success requires a clear understanding of market demands, adherence to regulations, and a robust logistics network. By following the steps outlined above, you can establish a successful pharmaceutical export business and contribute to making quality medicines accessible worldwide.