License Required for Selling Ayurvedic Medicines – There are a number of companies in India that are dealing in the selling of Ayurvedic Medicines or products. The growing market for ayurvedic products makes it favorable for new entrepreneurs to join this industry. Thus, it becomes important to start a business for selling ayurvedic medicines legally. Well, are you looking to start a business in selling the ayurvedic products or medicines in the market? We will help you to find the entire License required for selling Ayurvedic Medicines.
In this blog, we will make you clear about the entire license or documentation you will be required for starting a business to sell Ayurvedic Medicines. It is mandatory for a store to have proper drug licenses for selling the Ayurvedic /Unani medicines. The government can charge you with penalties if you are running your ayurvedic business without any license or a document. So, here we will be sharing the list of Licenses required for selling Ayurvedic Medicines.
Yes, having a drug license is very important if you are selling ayurvedic medicines in India.
Firstly, a Retail License is a must in case you want to sell the ayurvedic or herbal products as a retailer. Further, This License is required to run an Ayurvedic retail shop in India.
Secondly, if you are selling Ayurvedic Medicines as a Wholesaler then you will need this license. Thus, this wholesale license is issued to an agency or a person who directly engages themselves in the wholesale business of Ayurvedic drugs and medicines.
Manufacturing License is used when the person or an agency is doing the production of these ayurvedic/herbal medicines in India. In case, if you are planning to be a manufacturer for ayurvedic drugs, you will need to set up a unit for producing and get the license for the same. Also, if you are applying for AYUSH manufacturing License, then you will have to obey all the state requirements issued by the AYUSH state authority.
AYUSH Loan License is issued when the products are manufactured by a Third Party Manufacturing Company. Thus in such cases, no applicant is allowed to own this manufacturing unit. Moreover, in the AYUSH loan license, the manufacturers have to have a compulsory GMP certification. This loan license can only be issued by the person using the premises.
Just in case if the manufacturer does not have a manufacturing unit or the license, then the contract consists of the marketing part is done by the third party or contract manufacturers. This license is used to get the approval from the concerned authorities.
There are some necessary documents that one must have if they are looking to sell Ayurvedic medicines as a retailer or a wholesaler in India –
So, these were some essentials and the list of Licenses required for selling Ayurvedic Medicines. We hope that the information given by us will help you to do better in the market and earn higher revenues.