India’s success in the pharmaceutical manufacturing industry has made it a global leader. It’s not hard to see why! What are we short of to manufacture world-class medicines? Not so long ago, India played its part in manufacturing the COVID-19 vaccine! The cost of production has always been a leading source of India’s industrial strength, as the costs in India are 60% cheaper than in the U.S. and 50% cheaper than in Europe. Moreover, the cost of skilled and cheap labour helps reduce manufacturing expenditures. Let me give you another insight into the market: setting up a full-fledged manufacturing unit is expensive. Hence, many companies choose to rely on third-party manufacturers for production. Why? Because this is very feasible for them! You might ask many questions, like, “How many reliable options do we have for manufacturing? What about the quality? This article will explore the growth and significance of pharmaceutical manufacturing companies in India, highlighting key factors contributing to their success.
Let us understand why Indian third-party manufacturing is a viable option!
- Cost Advantage
- Skilled Workforce
- Regulatory Environment
- Strong domestic market
- Enhanced manufacturing capabilities
Benefits of choosing third-party manufacturing
Certainly! Here are the benefits of choosing third-party manufacturing over setting up a plant, presented as bullet points:
- Cost-effective: Companies can allocate resources to other business areas by outsourcing third-party manufacturing.
- Utilises existing infrastructure: Using the resources and equipment of external manufacturers can save valuable time and effort when establishing a new plant.
- Flexible production scaling: Companies can easily adjust their production volumes in response to market demand by working with third-party manufacturers. This allows them to respond effectively to any shifts in sales.
- Specialised expertise and supply chains: Collaborating with third-party manufacturers gives us access to their expertise, years of experience, and established networks. This results in enhanced product quality and a quicker turnaround time from production to market.
- Reduced operational burden: Outsourcing manufacturing operations allows companies to focus on their core competencies, such as research, development, marketing, and distribution, while the third party handles the intricacies of production.
- Geographic advantages: Choosing third-party manufacturers in strategic locations can result in lower production costs, reduced shipping times, and improved logistical efficiency.
Despite the benefits associated with third-party manufacturing, each situation is different, and evaluating your manufacturing approach carefully is essential.
A Pharmaceutical Manufacturing brand you can’t ignore
Misha Biotech has been in this industry for a while and has provided excellent service. Be it research or logistics, they have excelled in almost everything. Misha Biotech believes in building a great network; we associate with like-minded people through the PCD Pharma franchise. Misha Biotech has been successful in this business.
Why is Misha Biotech the Best Pharmaceutical Manufacturing Company in India?
Misha Biotech is highly regarded for its dependability as a trustworthy brand. We place great importance on conducting business fairly, leading to a consistent rise in new members joining our network and contributing to our expansion. Our PCD Pharma Distributors in India have given us a 5/5 rating and have seen substantial profits.
Surplus manufacturing capacities
To maintain efficient operations, we give priority to our manufacturing capacity. Our units are plentiful and highly efficient, capable of handling any sudden increase or urgent demand.
World-class research and development facilities
At Misha Biotech, we focus on providing high-quality products that have a tangible impact on the industry. We have studied the markets and identified the types of products customers need. Our product range includes tablets, capsules, injections, infusions, liquid oral, protein powder, and various ayurvedic products.
Top-rated by customers and franchise owners
Our products have been certified by WHO-GMP, which is a testament to the exceptional work of our research team and testing partners. This certification has contributed to a high rate of repeat orders and has allowed us to expand into different regions across India, including the north, northeast, and south. Our business is founded on the principles of fairness, and we provide our distributors with generous margins. Our customers’ reviews testify to our ability to provide our distributors with reasonable profits, commensurate with their hard work.
In the pharmaceutical business, the availability of products when needed is crucial. That’s why we have mastered the uninterrupted supply of products by implementing warehouse proximity techniques.
India’s pharmaceutical manufacturing industry has made impressive progress in transforming healthcare, and Misha Biotech stands out as one of the country’s top companies. They have the capability to provide high-quality medicines to the nation, thanks to their advantageous cost position, skilled personnel, strict regulatory environment, and strong domestic market. With these strengths, Misha Biotech has the potential to emerge as a leading player in the pharmaceutical sector. Interested in becoming a PCD Pharma Franchise owner for Misha Biotech? Contact us today.