Why Chandigarh Is A Lucrative Option For Pharmaceutical Businesses

The Mc Kinsey report reads, “The pharmaceutical market in India carries great business opportunities and would be a $55 billion market by the year 2020.

By Features Writer
Why Chandigarh Is A Lucrative Option For Pharmaceutical Businesses

The health and wellness business industry is being tapped by most of the franchisors, franchisees, and entrepreneurs in order to introduce a promising business idea. The multifaceted nature of this industry allows investors to extend their vision from luxury brands to unique and lucrative business ideas.

Serving as the capital of the states of Punjab and Haryana, Chandigarh is an union territory and city that has been listed among the perfect and wealthiest cities in India by BBC. The architecture, modernization, and cultural growth are few driving factors that are contributing to the health and wellness industry.

As the city is becoming a prime center for health and wellness businesses, the pharmaceutical business industry is experiencing a rapid expansion in the region. The Mc Kinsey report reads, “The pharmaceutical market in India carries great business opportunities and would be a $55 billion market by the year 2020.

Chandigarh- A Lucrative Pharmaceutical Business Destination

Chandigarh is recognized as the first planned city in India and also popularly known as the ‘Tricity’ including the cities Mohali, and Panchkula, Chandigarh becomes a great city for establishing a career in the pharmaceutical industry.

Establishing a pharmaceutical business is no more an easy task rather being a daunting project to carry forward. The rising number of competitions in the segment is itself generating challenges along with increased business opportunities for pharma investors.

Additionally, being 2nd on the Human Development Index, Chandigarh generates numerous pharmaceutical business opportunities in the city and in other neighboring regions.  

Technology Causing the Rapid Evolution

The population being skilled and well educated, entrepreneurs and franchisees could be seen investing in their business with proper knowledge and research and development (R&D).

One of the major reasons why the pharmaceutical business is emerging rapidly in Chandigarh is because the brands are coming up with broader and unique visions, utilizing technology as the most powerful tool.

This is why Chandigarh becomes a major city to target for pharmaceutical business owners that are ready to absorb the changes along with anticipating and moving simultaneously.   

Innovating via Collaborating

Innovation and collaboration have been two major driving factors contributing to the rapid growth of the pharmaceutical industry in India. The same could be the result with the Chandigarh as the region’s rising competitions could force the franchisees and entrepreneurs to collaborate and innovate simultaneously for a better and positive result.

Thus, keeping the latest trends in mind and innovating as a pharmaceutical business owner could well help you attain success as a pharmaceutical businessman/woman in Chandigarh.

 

Those who want to start their own business or take up franchises can join in the FRO 2019, happening in Chandigarh on 19-20 January, to know more about the franchise business, financial advice, and business advice from the experts. Meet the investors personally and participate to change the small world of business. Click here to know more: https://www.franchiseindia.com/fro

Comment
image
image
mobile
address
star franchise india
Related opportunities
  • Cosmetics & Beauty Product Stores
    Woloo-Women’s Powder-Room is a hygienic place for women of all..
    Locations looking for expansion Haryana
    Establishment year 2019
    Franchising Launch Date 2020
    Investment size Rs. 20lac - 30lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Gurgaon Haryana
  • Robotics & Technical Training
    IndiaFIRST® ROBOTICS - a name known for India’s First ever Modular robots..
    Locations looking for expansion Maharashtra
    Establishment year 2009
    Franchising Launch Date 2013
    Investment size Rs. 50000 - 2lac
    Space required 600
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Pune Maharashtra
  • Agro Products & Commodities
    Association & Center for Transformation Through Innovative Ventures & Education..
    Locations looking for expansion DELHI
    Establishment year 2019
    Franchising Launch Date 2020
    Investment size
    Space required 200
    Franchise Outlets -NA-
    Franchise Type -NA-
    Headquater NEW DELHI DELHI
  • Pest Control
    DR pest control is one of the leading businesses in..
    Locations looking for expansion West bengal
    Establishment year 2009
    Franchising Launch Date 2021
    Investment size Rs. 5lac - 10lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Kolkata West bengal
Insta-Subscribe to
The Franchising World
Magazine
tfw-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities
More Stories

Free Advice - Ask Our Experts

pincode
;
ads ads ads ads