What are the requirements to start an Ayurvedic Marketing Company?

What are the requirements to start an Ayurvedic Marketing Company?

Ayurvedic Market has been on the rise in recent years due to natural products and as people come to know more about this, they are starting to use it more than allopathy medicines. Post Covid-19 the sales of herbal products have been up to three to four times as compared to the pre-Covid era. There is a sudden increase in Ayurvedic industries and experts too have given more concern to producing more herbal products. Well, there is a question in everyone’s mind that how to start Ayurvedic distribution and what requirements are needed. In this blog, we are going to explain in detail the licenses and certifications needed to start your own herbal business so read carefully.

Various Ayurvedic medicines licenses needed to start a business

As per Indian law rules, there is one license that you definitely need and that is the AYUSH license. It is needed for the manufacturing and production of herbal products. Now let us explain the different types of licenses needed to start an Ayurvedic Company

Manufacturing License: Enables the manufacturing of herbal medicines
Retail License:- Enables the owner to sell Ayurvedic Medicines
Wholesale License:-Engages in wholesale of Ayurvedic Products
Third-Party License:- Requires if an original manufacturer doesn’t possess an AYUSH license
Loan License:- It is needed to use the premises and equipment of someone that possess an Herbal Medicine Manufacturing License.

These licenses are required if you want full authority to manufacture and sell herbal products in the market. Now if you only wish to sell ayurvedic products then you would only need a retailer license, then you can sell your products both online and offline. However, you will need to register your business itself under the Company’s Act. Only after you give your company a name and entity in India, you can apply for an AYUSH license.

What are the documents needed to apply for an AYUSH license?

Now let us have a look at all the documents and testimonials required to apply for the AYUSH license.

Company’s memo
Premises address proof
Owner’s NOC and copy of the rental agreement
ID proof of sole Propriotership/Partners/Director
Qualification Proof
Registration with Delhi Ayush Council
Letter of Appointment from director
Biodata

Now if you are applying for an AYUSH license well every state has its own AYUSH website. The owner must visit this site. Now with the required GMP and COPP affidavits visit the official website and download the application form to get the license. Then fill the application form by attaching your documents and you have to send it to review by the Ayush Department Commissioner. If the commissioner is satisfied, then he/she will approve within 15 days. Only then you will receive the license by post.

Business Plan for Ayurvedic Marketing

First of all, you need a shop (your own or rented)
Choose a name for your shop
Registration of the shop
If you have an annual turnover of more than 40 lakhs then the GST registration number is required.
FSSAI registration if required.
Arrange surveys and advertise your products to make your products known in your region.
Purchase herbal products from an ayurvedic distributor in your city.
Now you can sell your products.

Documents required for GST, FSSAI or DCGI

PAN card
Aadhar Card
Ration Card
Driving License
Voter ID Card

Basically, if you want to have a name for yourself in the Ayurvedic business, then you need to do the above certifications. Without them, you can’t manufacture, wholesale, or even sell your medicines. Once you submitted all these documents then you can officially sell your products in the market and can do marketing. Herbal products already have a good scope in India as its production and total expenditure on Ayurvedic medicine has increased from past few years which only shows the direction this business is going in and it would be a wise choice for anybody who is thinking about the marketing of herbal products.

Conclusion

Now to settle in this business, one should look at these terms and without these documents, you can not sell your products in the market so due diligence is required before setting your foot in the marketing world. There is a significant period for every license as they need to be renewed for your market to work. I hope our blog helped you to get enough information and for further help we are Swisschem and we are happy to help if you have any queries regarding any topic.