How to export medicine from India?

India is one of the top players in the pharmaceutical industry and export medicine. We have seen volume growth in recent years, contributing a good percentage of the country’s economic growth due to rising export.

Furthermore, Indian pharmaceutical and export medicine companies have gained a good reputation in the international market, with high-quality medicines supplied cheaply.

We have partnered with developed countries such as the USA and several Europe countries in establishing a relationship in the medical sector. Besides, the world’s top medical institutes rely on India’s export medicine business for research and manufacturing facilities.

Because of advanced infrastructure and low labor costs, international companies are choosing India as their hub for producing and exporting medical supplies to the global market.

List of Products Exported From India and Who Buys Them

Things you should consider to learn how to export medicine & Pharma products from India

• Getting the company registration done as per government laws.
• Apply for the Import Export Code (IEC) number.
• Find customers in other countries looking for medicine from India.
• Register the product name in the country that you are willing to export.
• Approval certificate from the Drug Controller General Of India (DCGI).
• Choose the shipping path before you decide to export the goods. Remember that every country has special conditions for importing medicine and medical equipment. If required, consult with the local legal authority to understand what is allowed and not allowed to import from a particular country.
• Once you receive the company’s purchase order for export medicine from India, prepare the documentation required for customs clearance. The custom certificate will have all the details about the list of medicines exported from India and the rate of the products.
• Prepare the letter of credit against the purchase order.
• Sign the contract with the freight forwarder.
• Once the goods get clearance from the custom, they will be on the way to the final destination. Keep track of the consignment until it reaches to customer. Remember that customs clearance will be required at the importing port as well.

Export medicine from India is a lucrative business opportunity. Follow the guidelines and start your export medicine business from India.