The Ayurvedic medicine business in India is expanding at a rapid rate with increased consumer demand for herbal and natural products. India’s Ayurvedic market is projected to grow to INR 1,536 billion by 2027 at a CAGR of 19.78% for the forecast period 2022-2027. Ayurvedic medicine franchise in India are profitable businesses, but they come with strict government regulations. To operate an Ayurvedic franchise pharma business, you are required to get some permits and licenses from the government.
Almatica Pharmaceuticals, which is a well-known brand from the Ayurvedic PCD franchise company list in India. They follow the best quality Ayurvedic lines and strict compliance with regulatory standards. Plus, whether you are an investor starting up or a medical professional wanting to grow, it is important to be aware of the legal regime for having a successful Ayurvedic PCD franchise in India.
What Licenses Are Required to Start an Ayurvedic Medicine Franchise in India?
Prior to opening an Ayurvedic PCD franchise in India, the required licenses must be acquired. Hence, the Indian government regulates the manufacturing and selling of Ayurvedic medicines under several legislations to guarantee quality and safety standards.
Ayush Manufacturing License: This license to produce and sell Ayurvedic products is issued by the Ministry of Ayush. Hence, the company must be compliant with Good Manufacturing Practices (GMP) and needs to be inspected from time to time as well. Also, India has 9000+ Ayurvedic manufacturers as per government data, so this license makes sure that the product is genuine.
Drug License: This license is mandatory under the Medicines and Cosmetics Act, 1940, for the retail sale of Ayurvedic medicines. Moreover, the State Licensing Authority (SLA) controls the grant of this license. Organisations operating without this license are subject to penalties and prosecution.
GST Registration: The companies whose turnover is higher than ₹20 lakhs should register under the Goods and Services Tax (GST) Act. Ayurvedic products are taxed in slabs of GST, typically from 5% to 12%, depending upon the preparation.
FSSAI License: If your Ayurvedic franchise pharma company sells herbal supplements, then you will need the FSSAI clearance from the Food Safety and Standards Authority of India. According to FSSAI regulations, companies need to pack their products properly and follow food safety norms.
Import-Export Code (IEC): Exporting Ayurvedic medicines involves obtaining an IEC from the Directorate General of Foreign Trade (DGFT). Moreover, the size of the Indian market for export of Ayurvedic products is over USD 500 million, and therefore compliance is needed for export trade.
What Are the Essential Legal Guidelines of an Ayurvedic Medicine Franchise?
• Ayurvedic medicine follows the guidelines of the Drugs and Cosmetics Act in India. Plus, distributors who are licensed with a drug license and are following ethical practices should be employed by the franchisee owners.
• The Drugs and Cosmetics Act governs the sale of Ayurvedic medicines. The franchisee owners should have distributors who are licensed with a drug license and are following ethical practices.
• If your Ayurvedic franchise pharma company business includes Ayurvedic nutraceuticals or herbal supplements, you require an FSSAI license. FSSAI regulations treat Ayurvedic health supplements as a separate category from medicines. Regulations for formulation, packaging, and labeling must be met by companies to be eligible.
Wrap-Up
It is about understanding and following to a series of legal processes to open an Ayurvedic medicine franchise in India. Hence, from obtaining necessary licenses to complying with the marketing and distribution regulations, every piece of information is crucial in order to be successful. Almatica Pharmaceuticals, one of the best pharmaceutical companies in India, produces the best quality Ayurvedic products. Whether you want to tie up with an Ayurvedic PCD franchise in India or want to go independent, the secret to long-term success is legal compliance.
Frequently Asked Questions
Q1: What are the primary licenses required to start an Ayurvedic medicine franchise in India?
Ans: You need an Ayush Manufacturing Licence, Drug Licence, GST registration, and FSSAI permission if you are selling herbal supplements.
Q2: How do I ensure my Ayurvedic products comply with government regulations?
Ans: Your products must be produced in GMP-approved plants, follow to labelling guidelines, and be in conformity with ASCI advertising.
Q3: Is GST registration mandatory for Ayurvedic franchises in India?
Ans: Yes, if your turnover in a year is more than ₹20 lakhs, you would require GST registration. Ayurvedic products typically fall in 5% to 12% GST slabs.
Q4: How important is FSSAI approval for Ayurvedic nutraceuticals?
Ans: FSSAI approval is a guarantee of product safety, correct formulation, and observance of regulatory laws. Moreover, this is a must for selling herbal supplements.
Contact Details:
Company Name: Almatica Pharmaceuticals
Address:
Plot No. 406, Industrial Area, Phase- 1,
Panchkula, Haryana- 134113
Email: almaticapcd@gmail.com
Phone: +91-9896237336, +91-9896074444, +91-9463961248
