PCD Pharma Franchise in Jharkhand
The Indian Pharmaceutical industry is currently ranked third in pharmaceutical production by volume after evolving over time into a thriving industry growing at a CAGR of 9.43% since the past nine years. The success of the Indian pharma industry comprises an active contribution from Jharkhand amongst other states.
Known as the ‘land of forests’, Jharkhand is a mine of raw materials including the ones used in manufacturing of medicines. The state is also known to cover the maximum number of chemical hubs and plants that are popular for rendering maximum performance in minimum time. Hence, setting up PCD pharma franchise in Jharkhand will ensure profitability and return on investment.
Why Invest in a PCD Pharma
Franchise in Jharkhand?
- The GSDP of Jharkhand for 2023-24 is projected to be Rs 4,23,289 crore, amounting to growth of 11.1% over 2022-23.
- Over the last 8 years, Jharkhand has attracted FDI inflows amounting to US $113 million.
- The economic growth of Jharkhand is driven by successful performance of sectors like pharma and tourism.
If you’re looking to invest in a PCD pharma franchise in Jharkhand, here are a few advantages of the same:
- Profitability: There is a growing demand for pharmaceutical products across the country, including Jharkhand. Investing in a PCD pharma franchise entails dealing with high-quality medicines right from antispasmodic tablets to Ayurvedic products that are sought after on a regular basis.
And since the pharma company you invest in would be WHO, GMP, GLP approved and tested for quality materials, you won’t have to undergo the hassle.
- Low Risk: Yes, it’s true that the PCD pharma franchise business involves lesser risk as compared to investing in other business arenas. Since risk is linked with investment and demand, the investment required in PCD pharma franchise is low and the demand is at an all time surge. Hence, this is one of the major perks of investing in a PCD pharma franchise in Jharkhand.
- Gaining Monopoly Rights: Most firms in the pharmaceutical industry offer PCD franchises, monopoly rights. Having monopoly rights helps eliminate competition and run a successful pharma business. Thus, investing in a PCD pharma franchise entails working with monopoly rights in a particular state or area.
- Low Marketing Costs: The PCD pharma franchise reduces costs on the marketing process making it easy and efficient. Established pharma companies invest extensively in promotional tools like ads, banners, visual aids, and pamphlets which can be distributed by the franchise owners as well.
- Easy Availability of Pharma Products: Owing to efficient logistics and a strong delivery system, pharma companies make their range of products available at several locations. Hence, investing in a PCD pharma franchise in Jharkhand will render the advantage of having pharma products available easily, which is a virtue valued by customers.
Now that you know the advantages of investing in a PCD pharma franchise in Jharkhand, to make your decision easier it is important you know about Bioversal Remedies. One of the leading Indian PCD pharma companies, Bioversal Remedies actively contributes to the wellbeing of Indian citizens.
Owing to an array of cutting-edge equipment, challenging yet engaging work environment, and a team of experts, we at Bioversal Remedies are dedicated to making healthcare more accessible. Every pharma product at Bioversal Remedies is created with the aim to cater to societal needs. So, when you invest in Bioversal Remedies PCD pharma franchise, you invest in the betterment of the society via healthcare and medicine.
Honesty and professionalism are our primary virtues, and our strength lies in manufacturing and distributing high-quality pharma products across varied domains. Our aim is to dominate the pharmaceutical industry, and Jharkhand is one of our most valued locations for expansion.
Enriched with natural raw material and room for efficient logistics, Jharkhand is home to some prominent pharma companies. Moreover, Jharkhand’s share in the pharmaceutical sector across eastern India amounts to five per cent. Hence, investors wanting to invest in PCD pharma franchise company can avail of profitability benefits in addition to the high-quality and high-repute of Bioversal Remedies.
Keen to invest and indulge in the pharma sector? Connect with us to know more and our specialized executive will assist you with the acquisition process.
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