Medicines are in high demand. Since the advent of COVID-19, everyone has been looking for a medical store near me. Every day, the entire world relies on medications to fight diseases; with the rise in prices of medicines – pharmacy stores are a necessity now.
Have you ever considered how much profit these types of businesses must generate? Have you ever considered opening your medical supply store? Or how to open medical store? Without a doubt, every one of us has fantasized about owning a pharmacy.
There is no doubt that the pharmacy business is thriving in India, with a business model resilient to economic cycles. Surprisingly, according to statistics based on the pharma industry’s revenue, it generated roughly 70% of the overall market revenue in 2018.
The following are the new rules for medical stores –
The following are the required documents;
The final legal requirement before opening a medical store is registering a drug license. Regardless of turnover, every pharmacy, regardless of size, requires a drug license from the Central Drugs Standards Control Organization and the State Drugs Standards Control Organization. They have two major drug licenses that they have issued:
A diploma in Pharmacy after completing 12th Std in Science is the minimum prerequisite for opening a medical shop in India. Following the completion of your pharmacy diploma, you are eligible to apply for a medical shop license.
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