Third Party/ Contract Manufacturing

1. What is a Third party/Contract Manufacturing company ?
Answer: A Third party manufacturer is a manufacturing service company which manufactures products for other companies.
These companies are majorly marketing companies which do not have their own manufacturing unit or established companies which have their own manufacturing but are not able to meet the excess demand . Due to which they have to outsource their manufacturing to contract manufacturing companies.

2. How to find Third Party/ contract manufacturing company?
answer: These contract manufacturing companies can be found online via Google or via B2B portals like India Mart, Exporter’s India, Trade India etc.
Or can be found by attending the exhibitions organised by various organisations where the number of contract manufacturing companies display their stalls/ counters on which they exhibit their products and services.
Exhibition like CPHL etc. are the best way to meet these companies.

3. What are the benefits of Third party/Contract manufacturing services?

Answer:

-Outsourcing Manufacturing to a contract manufacturing company reduces the cost of operations.

companies can avoid expenses for infrastructure, equipment, labor, and maintenance for manufacturing plant.

– Access to expertise and technology
Third-Party manufacturer possesses the technology, knowledge, expertise to launch new molecules.
This can result in higher quality products and improved efficiency.

– More ability to scale
Contract manufacturing companies enables the marketing companies to entirely focus on the marketing operations. As the contract manufacturing companies will take care of the manufacturing operations for them.
Marketing companies have to manage the inventory and inform the manufacturer about their inventory status.

– Less risk

Contract manufacturing services reduces the amount of risk, enabling the companies to reduce the capital expenditure to expand.

4. who can avail the contract manufacturing services?

answer:

-If a person want to start a pharmaceutical company , he or she can avail pharmaceutical contract manufacturing services if he or she has a registered firm with GST number and a Valid Whole-sale Drug License for that firm.

-If a person want to start a nutraceutical company , he or she needs to get a fssai number to store the brands he or she is launching. And his/her firm should be registered.

5.What are the costs associated with third party/ contract manufacturing services?

answer:

There is only one cost parameter you have to meet which is different from the actual cost of the product. i.e the one-time product development charge i.e the charge to develop the product.

6.Which companies provide the best contract manufacturing services in India?

Answer:

1. Medimind drugs and chemicals: Founded in 2009

Medimind manages your product portfolio from the top manufacturers in the country. Medimind has a portfolio of India’s top manufacturers in its basket leaving you stress free about the quality assurance to let you focus on marketing operations.
Medimind assures you the best quality with WHO-GMP certified products and providing with DCGI molecules.
They provide you with every dosage form under one roof:
-Tables

Bilayer tablets

Coated tablets

Effervescent tablets

Soft gel capsules

Diskettes

Advanced packing methods

Sachets

-Capsules

-soft gelatin capsules

-Injectables

-Powder/Sachets

-Syrups

-Ointments

-soaps

-facewash

-eye and ear drops

C.O:
Medimind Tower,
Opp. HDFC Bank,Saili Road
Pathankot, Punjab
145001
www.mediminddrugs.com
info@mediminddrugs.com
+919872181810