Starting an Ayurvedic, Unani, and Siddha Medical Practice: Essential Licenses and Effective Marketing Strategies
The way people in India are continuously showing their inclination towards Ayurvedic, Unani and Siddha medicines in the last few years, it seems that this industry sector will see significant expansion and growth in the coming years. Because more and more people are becoming health conscious and looking for herbal remedies for overall health. As a result, new business opportunities are also emerging in this industry sector.
Inspired by this, one of our listeners asked us that he wants to start a company of Ayurvedic, Unani and Siddha medicines. What kind of license will he need for this. And what kind of marketing strategy will he have to make to make the production of Ayurvedic, Unani and Siddha medicines successful.
In this article today, answering the question asked by our listener, I will talk about the list of all the licenses that may be required to start a business of manufacturing unit of Ayurvedic, Unani and Siddha medicines in India.
Also, if you are going to sell Ayurvedic, Unani and Siddha medicines in India, then you do not need to take any kind of license for this. But if you want to manufacture these medicines then for this you have to follow all the guidelines set by the AYUSH department to get all the licenses.
Here is the list of licenses:
You will not need any kind of license to buy and sell Ayurvedic/Siddha/Unani medicines. But if the turnover of your business is above 40 lakhs, then only GST number will be required for it. Which can be easily made by contacting any nearby CA.
If you want to open a retail shop of Ayurvedic/Siddha/Unani medicines, then for this also you will have to take only GST number.
If you want to start wholesale and distribution business of Ayurvedic/Siddha/Unani medicines, then for this also you will have to take only GST number.
If you want to start a marketing company of Ayurvedic/Siddha/Unani medicines, then for this also you just need to get a GST number. Alternatively, you can also get your company registered as required.
If you want to start an Ayurvedic/Siddha/Unani medicine manufacturing company, then for this you will have to obtain a manufacturing license from the AYUSH department of your state and also get a GST number. Alternatively, you can also get your firm registered as required.
If you want to sell Ayurvedic / Siddha / Unani medicines online, then for this also you will have to take only GST number.
If you want your Ayurvedic/Siddha/Unani medicines to be manufactured by another manufacturing company on a third party manufacturing basis, then for this also you only need to obtain a GST number. Alternatively, you can register your company as required.
If you want to take a loan license for the manufacture of Ayurvedic / Siddha / Unani medicines, then for this you will have to take a loan license from the AYUSH department of your state and also take a GST number. And alternatively, you can get your company registered as per the requirement.
If you want to do franchise marketing/distribution of Ayurvedic/Siddha/Unani medicines, then for this also you have to take only GST number. No other type of drug license will be required.
If you want to supply raw materials for the manufacture of Ayurvedic/Siddha/Unani medicines, then for this also you will have to obtain GST number. No other type of drug license will be required.
If you want to set up a testing laboratory for Ayurvedic/Siddha/Unani medicines, you will need to obtain a laboratory license from your state.
If you want to act as a packaging material supplier for manufacturing Ayurvedic/Siddha/Unani medicines, all you need is a GST number. No other type of drug license will be required.
Here are some key points that can help you make Ayurvedic, Unani and Siddha medicine business successful:
Friends, once you have successfully obtained all the manufacturing licenses from your state AYUSH department as an Ayurvedic, Unani and Siddha manufacturing business manufacturer, now it is time to sell all these healthy products manufactured by you in the market and make your manufacturing company recognized as a trusted brand in the competitive market. We will discuss some marketing strategies in detail in a few points.
Invest in product development:- First of all, you should focus on investing in product development. You should source high-quality raw materials to improve the quality of products. Also, try to invest in research and development to improve and innovate the manufacturing of medicines.
Focus on branding and marketing:- Like any business, a company with a trustworthy brand identity attracts and motivates customers who buy its products again and again. So to build a trustworthy manufacturer brand identity in the market, you should try to educate consumers about the benefits of Ayurvedic, Unani, and Siddha medicines through content marketing workshops and seminars.
Try to create a strong distribution channel:- As an owner of Ayurvedic, Unani and Siddha manufacturing company, if you want to reach more and more people across India with your health products and earn more profit, then you will need to build a strong distribution network. For this you can easily reach most of the distributors present in India through digital marketing. In this you can use content creation or paid ads like Facebook ads, Google ads etc. And you can generate more and more leads for your business.
Try to establish good relationships with customers:- If you want to become the first choice of your customers for your health products and want to establish your business in the market for a long time, keep collecting customer feedback and try to improve your products and services continuously. This will help you build a long-term good relationship with your customers and they will also buy products from you again and again.
Continuous learning and adaptation:- As an owner of an Ayurvedic, Unani and Siddha medicine manufacturer, you must always keep yourself updated about market trends, consumer preferences and technological advancements. Also, you must always be ready to change your business strategies according to the changing market conditions.
Conclusion:
In the above article, we have discussed some key points on how you can establish your Ayurvedic, Unani and Siddha medical business on a strong footing in the long run by following all the health rules, creating successful business strategies and a solid marketing business plan.
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