How To Start a Pharmaceutical Product Export Business

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How To Start a Pharmaceutical Product Export Business – Marketing Business Plan  

The Indian Pharmaceutical Industry ranks very high in the global market, in terms of expertise, know-how, technology, quality and the vast range of medicines that are manufactured here. It currently tops the chart in India with its wide-ranging capacity and potential in the complex field of drug manufacture and technology.  The pharmaceutical industry in India is only growing, as India exports to major countries in the world like U.S and Western Europe.  Major Indian Pharma Companies maintain high standards. Along with Brazil & PR China, India has left its footprints in the map of top business players in the Pharma industry. India has a leadership position in the global presence and is a major generic pharma player. The exports market in India is growing at a very rapid rate.




What is a pharmaceutical product?

A pharmaceutical product or medicine is defined as a substance or mixture of substance manufactured, sold or supplied for use in the treatment, mitigation of any abnormal physical or physiological state or its symptom; or altering, modifying, correcting or restoring any organic function, in human beings or in animals, that is subject to control by pharmaceutical legislation. Public health concerns demand that the pharmaceutical product exported/imported must conform to international safety standards.

 

Two factors determine whether or not a product falls under the Pharmaceutical category:

  1. The usage claims made in relation to the product. This is the description about what the product is used for. It usually appears at the back of the products or as a pamphlet inside the packaging of the product.  If the usage is intended for medical purposes, then it falls into the Pharmaceutical category.
  2. The composition of the product. If a product includes a drug substance, then it is classified as a pharmaceutical product. A drug substance is one, which is gain used for the treatment or prevention of a disease/disorder.

 

Exports:

India currently exports various pharmaceutical/medical products like drug intermediates,  Dosage Formulations (FDFs), Bio-Pharmaceuticals, etc. to various parts of the world. The country now ranks 3rd in terms of volume of pharmaceutical products’ production (10% of global share) and 14th largest by value. Looking at this, the world is now considering India as a profitable venue to both market and manufacture its pharma products. Pharma export market in India is very potential for the buyers spread the world over for procuring their required pharmaceutical formulations in all the available dosage forms.




The application for an export permit for a Pharmaceutical product usually entails the following:

  • Generic name or International Non-proprietary Name (INN)
  •  Strength/dosage form
  • Name and strength of each ingredient
  • Trade name or proprietary name; if any
  • Pharmacopoeia* specification of the medicine, wherever applicable
  •  Total quantity to be exported
  •  Name and address of the exporter
  • Name and address of the manufacturer
  • Name and address of consignee
  • Country of consignee

 

* Pharmacopoeia in its modern technical sense, is a book containing directions for the identification of compound medicines, and published by the authority of a government or a medical or pharmaceutical society. (source: wiki) 

Before applying for an export permit, make sure you have applied for an export license as well. Make sure that you follow international drug regulations of the importing country as well. If they are not up to the standards of the importing country, your products could be refused entry and seized by customs officials. It might be even considered illegal importation.

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22 Responses to “How To Start a Pharmaceutical Product Export Business”


  • GAURAV SHISHODIA / Reply

    I want to start export business of pharmaceuticals in South Africa, Thailand and Dubai.
    please give me the complete details


  • GAURAV SHISHODIA / Reply

    I want to start export business of pharmaceuticals in South Africa, Thailand and Dubai.
    please give me the complete details
    contact no. 8171144666


  • Indrajeet bharti / Reply

    Dear sir/mam
    I want to export our pharmaceutical products. what I have to do for starting pharma export. I need your valuable support. kindly let me know about export business and his to start.
    with regards
    indrajeet bharti
    Astrozen pharmaceuticals pvt.ltd.
    9322902075


  • Varis Khan / Reply

    Hi, I am interested in exports of pharmaceutical products.
    Thanks


  • sivakumar / Reply

    Dear Sir

    i would like to know the procedure of exporting medicines to nearby countries. need to know the procedure. can u help me out


  • TULSI / Reply

    I want to start a pharmaceutical export and import business between India and Australia.
    What’s the scope and how to initiate.


  • TULSI / Reply

    I want to start a pharmacuitiacl export and import Business between India and Australia.
    What’s the scope and investment?


  • Roschey / Reply

    Would like to have more knowledge about the export of medicines from India,how to go about setting up business etc….


  • Abhaya / Reply

    I would like to know how to start a pharmaceutical product export business


  • Abhaya / Reply

    I would like to know how to start a pharmaceutical export business. What potential does herbal medicine export have as against the allopathic medicine. I am open to both.


  • Niranjan Kumar / Reply

    How To Start a Pharmaceutical Product Export Business


  • Krunal patel / Reply

    I want to start medicine export but how to start n which procedure follow??


  • sunil shaw / Reply

    How can I export medicine


  • chandsaheb / Reply

    dear sir,
    I want to start export business please Gideon me


  • Dr subhash rajotia / Reply

    Want to start medicine exportbusiness


  • Gordon Parks / Reply

    Need start up money for Medicine startup business


  • Pritam tiwari / Reply

    Interested in learning pharmaceutical export business.


  • Zarana Patel / Reply

    Respected Sir/madam
    Please Give Me a information about Import-Export
    How can I buy a product of other party nd How can i export it


  • Manoj / Reply

    Want to export medicine from india


  • Rahul Jain / Reply

    Dear Sir/mam

    I want to start a export company of pharmaceutical products. I want some guidelines in that, please help me out.
    call or whatsapp on 7021913015


  • Krishna dangra / Reply

    I want to start export business of pharmaceutical product.kindly suggest me all parameter


  • Tushar Paul / Reply

    Dear Sir,
    I am interested to start pharma product export business with Bangladesh. So, please let me know the detail for doing the business.


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