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\nIf you are a budding entrepreneur who wants to reap the benefits of the boost in the economy by start pharmaceutical manufacturing unit, then have a look at this PAGE and know the required documents with the steps of how to setup a pharmaceutical manufacturing plant.\n
Start Pharmaceutical Manufacturing Unit – The government of India is keen to promote the Make In India movement by giving maximum facilities and support to the startup industries.
The efforts are being made to make the processes and procedures as lightweight as possible. Online processing of applications increase transparency and minimizes the corruption and malpractices.
If you are a budding entrepreneur who wants to reap the benefits of the boost in the economy by launching a pharmaceutical manufacturing unit, then the article is useful. It is a right decision taken at the right time.
STEPS TO SET UP A PHARMACEUTICAL MANUFACTURING PLANT IN INDIA
Here is a brief introduction to the steps to be followed.
CHOOSE AN APPROPRIATE NAME FOR THE COMPANY FIRST
You need to pick the name of the company if you do not have already. You should pick a catchy and appropriate name. Also, it has to be a unique name so that there are no copyright issues.
After that you should decide the type of manufacturing company you are looking for; Ayurvedic medicines, modern medicines, Unani, Homeopathy or Siddha?
After choosing the broad category, see in which category does it fall?
After deciding the type of unit, you have to register the company under Companies Act 1965 or Companies Act 2013.
For partnership firms, you need to register under the Limited Liability Partnerships (LLP) under Partnership Act, 1932.
To get several benefits and opportunities like loans under priority, you should do MSME registration. It can be a provisional registration or permanent.
LIST OF DOCUMENTS
THE STEPS ARE REQUIRED TO GET THE MANUFACTURING LICENSE
Though the steps are made pretty simple by the government, still you can seek help from an expert if needed.
Hire a consultant if you find the whole thing complex. There, you get support handholding at every stage.
Spend some time in research before you sign contract with the consultant.
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