How Government Policies and Schemes Support Pharma Franchise Growth in India (2)

How Government Policies and Schemes Support Pharma Franchise Growth in India

The Indian pharmaceutical sector stands as a cornerstone of the country’s economic progress, fueled by robust government policies and forward-thinking schemes. As the demand for affordable and quality medicines escalates, especially in tier-II and tier-III cities, pharma franchise businesses are experiencing remarkable growth. Government initiatives have played a pivotal role in this expansion, supporting enterprises in compliance, innovation, and market penetration.

Key Government Policies Driving Pharma Franchise Growth

1. Pharma Vision 2020
The Department of Pharmaceuticals launched “Pharma Vision 2020” to make India a global leader in end-to-end drug manufacturing. The scheme emphasizes policy support for both bulk drug and formulation production. For pharma franchises, this vision ensures regulatory clarity, better infrastructure, and greater support for distribution across the country.

2. Production Linked Incentive (PLI) Scheme
The PLI Scheme incentivizes pharmaceutical manufacturers to boost domestic production of critical medicines and key starting materials. Franchise partners can benefit indirectly through improved drug availability and competitive pricing, providing an edge in local markets.

3. Jan Aushadhi Scheme
The Pradhan Mantri Bhartiya Janaushadhi Pariyojana (PMBJP) encourages the opening of Pradhan Mantri Jan Aushadhi Kendras, facilitating access to affordable generic drugs. Franchise businesses working with authorized suppliers align seamlessly with this vision by extending affordable healthcare access to the masses.

4. Ease of Doing Business Initiatives
Efforts like the simplification of licensing procedures, single-window clearances, and digitized registration have reduced entry barriers for pharma franchises. Legal and regulatory compliance is now more transparent, encouraging entrepreneurs to venture into the sector confidently.

5. Tax Relief and Export Incentives
Export Promotion Capital Goods (EPCG) schemes and GST relief have further incentivized localized manufacturing and export by pharmaceutical companies, creating lucrative opportunities for franchises associated with reputed, compliant companies.

Five Cities Benefiting from Pharma-Related Government Incentives

1. Hyderabad
Known as the “Pharma City of India”, Hyderabad is home to India’s largest pharmaceutical clusters. Government investments in pharmaceutical hubs have made it an ideal destination for pharma franchise businesses.

2. Ahmedabad
With well-developed Special Economic Zones (SEZ) and streamlined approval processes, Ahmedabad’s pharma franchise market benefits from significant tax exemptions and export incentives.

3. Chandigarh
Chandigarh stands as a nucleus for pharmaceutical innovation in North India, aided by the presence of industry leaders and supportive government schemes. Its strategic location and infrastructural support make it a hotspot for pharma franchises.

4. Bengaluru
Government support for biotech and pharmaceutical startups, along with a thriving research ecosystem, positions Bengaluru as a preferred city for pharmaceutical franchises.

5. Baddi (Himachal Pradesh)
Baddi’s tax holidays, industrial park incentives, and proximity to Northern India markets have transformed it into a pharma manufacturing powerhouse, creating abundant opportunities for franchise channels.

Why Collaborate with Zenacts Pharma Pvt Ltd, Chandigarh

Staying aligned with the latest regulatory protocols and government incentives is indispensable for sustainable and compliant growth in the pharma franchise sector. Zenacts Pharma Pvt Ltd, Chandigarh, is recognized for its unwavering commitment to regulatory standards and ethical franchise practices. As an industry leader, Zenacts consistently updates its operations in accordance with government mandates, ensuring that franchise partners benefit from seamless compliance, high-quality product lines, and prompt support.

By leveraging government policies and collaborating with reputed firms like Zenacts Pharma Pvt Ltd, aspiring pharma franchisees can navigate the evolving regulatory landscape efficiently, maximizing growth opportunities while upholding quality and safety standards in the Indian pharmaceutical market.

Category: pcd-franchise, start your own pharma business, third party manufacturing, Top pharma manufacturer in Chandigarh-Baddi, Uncategorized

Tags: best pharma franchise company pcd pharma franchise in india pharma companies in bangalore pharma companies in chandigarh and mohali pharma companies in hyderabad pharma companies in thane pharma company in indore pharma manufacturing companies in baddi top pcd pharma companies in chandigarh Top Pharmaceutical company in India