Hotline: 1800 102 2007
X
Search Business Opportunities
Generic Drugs 2018-07-11

How Franchises Can Invest In The Emerging Sector Of Generic Medicine In India

Currently, 80% of the generic medicines which are being used to combat AIDS globally are exported from India. 

By Jr. Writer
How Franchises Can Invest In The Emerging Sector Of Generic Medicine In India

Are you thinking of entering the generic medicine business? If yes, then getting a franchise and continuing your passion could be the right step. 

Being the largest provider of generic drugs globally, India has a lot upon its sleeves for the franchisors investing in the generic medicine sector. The industry is expected to expand at a GACR of 22.4% by 2020. Currently, 80% of the generic medicines which are being used to combat AIDS globally are exported from India. 

What is Dava India?

Generic medicines contain the same ingredient, with comparable strength and similar effectiveness to treat the concern. Dava India is an initiative by Zota Health Care Ltd, towards helping people access generic alternatives to the costlier branded medicines available in the market.

Ketan Zota, MD, Zota Health Care Ltd.  said, “The quality of generic drugs and branded medicines, the amount of medicinal content contained in it and its production system are almost the same. Thus, Dava India will eliminate the hesitation of adopting generic drugs, eventually saving money. Discounts ranging from 30% to 90% are available on these medicines and medicines for the treatment of numerous diseases.”

Franchising Plans

The Surat-based company, Zota Healthcare limited manufactures and markets pharmaceutical products both nationally and internationally.

They are aiming to become a globally acclaimed pharmaceutical company with nutraceutical and Ayurvedic products as key elements. Dava India will be opening 3000 generic stores in two years, eliminating the high cost of treatment and medicines.

Opportunities

'Dava India' will offer as many as 1200 drugs, 300 cosmetic products, nutritious herbal medicines, Over The Counter (OTC) and surgical products, taking care of almost all the needs of the consumer. Moreover, there is also a provision for a 'Customer Care Centre' to help solve the customer queries regularly.

Therefore, franchisors can utilize this opportunity as people have started to understand that there is no difference in quality between generic and branded medicines. Keeping the numbers in mind, more franchises are expected to emerge.

Comment
Related opportunities
  • Career Counselling & Brain Programming
    About Us: Career Mosaic Pvt. Ltd. is amongst Asia’s leading consultancy for..
    Locations looking for expansion Gujarat
    Establishment year 2001
    Franchising Launch Date 2018
    Investment size Rs. 50 K - 2lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Ahmedabad Gujarat
  • Sports & Gaming
    About Us    Fitokids was established in the year 2016 as a..
    Locations looking for expansion Delhi
    Establishment year 2016
    Franchising Launch Date 2017
    Investment size Rs. 5lac - 10lac
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Join hands with Smart school Education Pvt Ltd and be..
    Locations looking for expansion New Delhi
    Establishment year 2011
    Franchising Launch Date 2014
    Investment size Rs. 2lac - 5lac
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater North West Delhi New Delhi
  • Precious Jewellery
    About Us: Jewels Galaxy is known for its uniquely crafted designs..
    Locations looking for expansion Delhi
    Establishment year 1997
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
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