As people are now getting aware of the harmful effects of medicines made of chemicals, they are now shifting towards ayurvedic products. The market experts have also forecasted that in the coming years, there will be a massive demand for ayurvedic medicines. So, if you want to start an Ayurvedic product manufacturing unit, then this is the best time for you to reap all the benefits. Wondering how to start your own Ayurvedic product Manufacturing unit? Here are the things that you need to follow.
The first and the most important step in the process is locating a premise for the manufacturing unit. You can go for an owned or rented one. Well, this is something that significantly depends on your budget. Remember that setting an Ayurvedic Product Manufacturing unit needs a lot of space. So, make sure that you have a sufficient budget for this.1.
Choose a company name that can match your ayurvedic business purpose or identity need. Make it unique and easy to remind. Prefer not to use any silent character in your business name. Keep your company name simple and short.2.
To produce ayurvedic products in India, it is mandatory to obtain a license from AYUSH. It is not compulsory to get an FSSAI certification. AYUSH generally issues three types of licenses. These are:• Loan license:
Here, you loan an ayurvedic manufacturing unit of a third-party product manufacturer to develop products. With this license, you can’t start your own manufacturing unit.• Complete manufacturing license:
By obtaining this license, you can now legally start your own full-fledged manufacturing unit. You are legally permitted to manufacture and market the products.• Contract manufacturing license:
Here, you can only manufacture the products using a Third-Party Manufacturer’s license.3.
You need to obtain the GST-Goods and Service Tax if you want to sell the products across the world. This registration process is completely paperless. First, you need to generate your GST application number. Then file your GST application form. In the form, you need to mention your bank account number and IFSC number. After that, you need to register your DSC- Digital Signature Certificate. In the end, you need to verify and submit the application.4.
For this, you need to submit the following documents. These are: • Incorporation form of business. • The number of manufacturing units you need to open. • Proof that says you comply with DMR act. • Product information and form of the product. • Directors of the company. After getting all the permits and licenses, you can start running your Ayurvedic product Manufacturing unit. Some other requirements that you should keep in your mind are: • Make sure you satisfy the rule related to the minimum area required to start the unit, i.e., 1200 square feet. • All the machines should come under SS-304 and SS-216 categories. Besides, you need to establish your testing laboratory. Follow all these steps, and you can successfully establish and run your Ayurvedic medicines or products manufacturing unit.