Key Benefits of Having a Wholesale Drug License

The need and demand for pharmaceutical medicine and products is increasing due to the degradation in people’s health condition. As a result, many people are starting their own pharmaceutical businesses to meet the need for medicines and generate profits.

Market Value of Wholesale Drug Business

The pharmaceutical wholesale drug market is expected to grow at a compound annual growth rate of 8.92% between 2022-2027, with a market size projected to reach US$ 776.32 billion.

Documents Required to Obtain a Wholesale Drug License

• Business structure documents like MOM/AOA or partnership deed/LLP
• ID proofs like Aadhaar card, Passport, or Voter ID
• Property papers and Documents
• NOC (No Objection Certificate)
• Blueprint or Site layout
• Copy of Board Resolution
• Proof of equipment such as air conditioner, refrigerator, cold storage facilities
• License application fee payment proof
• Affidavit of Non-conviction
• Affidavit from Pharmacist Form 19
• Applicant qualification proof