To open a medical store in India, you need a pharmacy license. This certificate is the official requirement for opening a medical shop. After class 12, you can enroll for B.Pharm course. You need to have B. Pharm degree and affidavit of proprietor, partner or pharmacist. You need to have at least 10 square meters of shop space. The state pharmacy council will process your application in 45 days.
If you are planning to open a stand-alone medical shop, you must decide its business model. You can either opt for a proprietorship, partnership or Limited Liability Partnership. A LLP is better than a proprietorship as it provides additional benefits to the partners. If you are planning to open a Chain Store, Hospital Medical Store or Township Pharmacies, you must establish a company. However, you can also choose a proprietorship or partnership, which are better options if you are planning to run a small business.
To open a medical shop in India, you need a pharmacy license. The government requires that all medical stores in India have a pharmacy license. In addition, you will need to register your medical store as per the Indian Pharmacy Act, 1948. To do so, you will need to fill out the application form and submit the necessary documents. The registration tribunal will review the documents and grant registration if all conditions are met. You can even apply for a bank loan to finance your medical shop.
