Pharma Companies in Tripura

Pharma Companies in Tripura – In the North-East, Tripura is one of the seven states. Also, between Northeast India and Bangladesh, it acts as a gateway. With Bangladesh, the state shares an 856-km international border. For international trade, this offers enormous potential. Tripura is the largest bamboo-producing hub in India and is endowed with rich and diverse bamboo resources. Also, when we talk of pharma companies, there are many Pharma Companies In Tripura you can go for. This blog will help you out in choosing the Top Pharma Companies, listing the top companies for you. 

With growing economic strength, Tripura is a beautiful state. The state has a high demand for Healthcare products and healthcare medicines. The pharma industries are expected to move to the northeast post-GST, being a part of the special economic zones (SEZ). In the northeastern state of India, the Goods and Services Tax (GST) exemption threshold is below 10 Lakhs. Hence, this has convinced many pharma companies to set up their plants here. Also, for better growth in the Tripura state, the government of India has been supporting it for a long time. 

Why is Tripura a good location for the pharma business?

There are lots of advantages, like low competition, increasing healthcare needs, government support for startups and entrepreneurs, and developing a distribution network. Since it also shares the international borders and holds future scope for cross-border trade. Overall, it is a promising location for anyone who wants to start a pharma business.

What to consider before selecting a pharma company?

Finalising a company, every entrepreneur should check these factors:

• Check certifications WHO, GMP, ISO, and DCGI
• Product portfolio
• Reputation of the company in the market
• Monopoly rights, which offer district-wise franchise rights
• Ensure timely delivery
• Affordable pricing and profit margin

Benefits of working with a pharma company in Tripura

Working in Tripura will bring you lots of advantages like steady product demand, a strong local customer base, affordable business investment, and good market stability. For startups, they can expect better margins because the northeastern market is still developing.

• Product demand in rural and urban markets
• Great profit margins
• Competitive pricing
• Fast-growing healthcare industry
• Public awareness of branded medicines
• Good logistics

Top Pharma Companies in Tripura

As discussed earlier, there are many pharma companies in Tripura, which creates a big confusion to choose the best for you. Hence, to help you well, listing here the top pharma companies in Tripura you can go for.

Luckys Pharma 

Luckys Pharma is also one of the best Pharma companies in Tripura, you can go for. The company was established in 2001 in Odisha, and all thanks to its talented and hardworking group of entrepreneurs, which has enabled the company to fulfill the needs of society. They have good experience manufacturing a wide range of high-quality medical products and have significant GMP and ISO accredited Scientific, Production, and Research facilities. Also, as a trusted business partner, Luckys Pharma has earned a reputation among its clients who can tenaciously and expertly steer them through the consumer markets. 

Also, to develop efficient treatments for a variety of diseases and conditions, their scientists collaborate well. To meet the commercial objectives of the company within the time frame set, all of their company’s personnel work together. Their team members are extremely diversified to establish a comprehensive, high-performance culture in a firm, which has also impacted their business outcome. 

• Anti-Depressant Tablets
• Capsules
• Dry Powder Inhaler (DPI) Device
• Inhalers
• Injectables (Dripped-off packing)
• Nasal Spray
• Nebulizer Solution
• Soap
• Softgel
• SYRUPS (Sugar-Free)
• Tablets

Address: Plot no 82, 1st Floor, Jaora Compound, Near Police Lines, Indore – 452001, Madhya Pradesh, India.

Pharma Dig-medi-chemico(India)

Being established in the year 1980, Pharma Dig-medi-chemico (India). Under the brand name SULMETIN, a single-dose antimalarial, the company introduced the Pyrimethamine-Sulphamethoxypyridazine combination in India. All health and medical-related information should be freely viewable and accessible by all, healthcare professionals and the public alike. It is included in their philosophy in the hope of improving awareness, the standard level of health, and ultimately improving the lives of people all around India, and even the world.

It has been involved in several high-profile events over the years since its inception and is one of India’s longest-running medical websites. 

 B. Pharma

B. Pharma is also one of the best PCD Pharma Franchise companies in Tripura, you can go for. The company also provides pharma franchise opportunities and is known to be the best pharma company in Tripura. The company is involved in the distribution and supply that too at affordable rates for quality pharma drugs and medicines for humans and veterinary. Their all pharmaceutical range is of high quality and for the franchise, they offer a wide array of medicines and products. 

All their medicines are of the best quality and are also verified by the high authorities. Also, the best thing to note about the company is that they supply the medicines at such genuine rates. The Drug Controller General of India (DCGI) has also verified the list. For good services and quality medicines, they have been appreciated by the customers. Here is the list of the products offered by the company:

• Tablets
• Capsules
• Injections
• Syrups
• Ointment
• fluid
• Veterinary medicine, etc.

Conclusion 

One of India’s most promising pharmaceutical markets is Tripura. Investing in a pharmaceutical franchise or partnership here is quite profitable because of rising healthcare demand, government-backed programs, and rising awareness. The aforementioned businesses—Lucky Pharma, Pharma Dig-Medi-Chemico, and B. Pharma—offer competitive business prospects and are dependable and certified.

FAQs

What is the profitable ratio of the PCD pharma franchise business in Tripura?

The profit margin can go as high as 20% to 55% due to low competition and high demand for medicines

What are the documents required to start a Pharma franchise in Tripura?

You need a Drug License and a GST number, with a minimal investment, to start a pharma franchise in Tripura

Does Lucky Pharma offer monopoly rights in Tripura?

Yes, most of the companies provide a district-wise monopoly to avoid competition.

Does Lucky Pharma offer marketing support?

Yes, this company provides visual aids, product brochures, promotional material, and samples.

What medicines are in high demand in Tripura?

Antibiotics, antimalarial drugs, cardiac medications, pain relievers, skincare products, and pediatric medications.