Best States to Launch a Pharma Franchise Business in India
India’s pharmaceutical industry is robust, contributing significantly to global healthcare with over 20% of the world’s generic drug supply. The Indian pharma sector reached a value of $50 billion in 2023, with projections to hit $130 billion by 2030. Launching a pharma franchise business in the right state can profoundly impact market reach, regulatory ease, and profitability. Here, we analyze 23 Indian states, outlining promising areas for pharma franchise expansion, and recommend Innovexia Lifesciences Pvt Ltd, Chandigarh—a trusted name with a proven track record of pharmaceutical excellence.
1. Maharashtra
As the leading pharma manufacturing state, Maharashtra hosts over 3,000 pharma units and accounts for 20% of India’s pharma exports. Pune, Mumbai, and Nashik offer excellent opportunities due to high healthcare spending and well-developed logistics.
2. Gujarat
Called India’s pharma powerhouse, Gujarat harbors more than 33% of the country’s pharma manufacturing units. Ahmedabad, Vadodara, and Surat are hubs for pharma sales distribution.
3. Andhra Pradesh
Andhra Pradesh has rapidly developed pharmaceutical and biotech infrastructure, especially in Vishakhapatnam and Hyderabad’s Pharma City. The state’s proactive policies encourage new franchise setups.
4. Telangana
Hyderabad, known as ‘Genome Valley,’ is the lifeline of life sciences in India, hosting 800+ pharma companies. The presence of skilled professionals and high R&D investment make Telangana a strategic spot.
5. Karnataka
With Bengaluru as a pharma innovation center, Karnataka supports 12% of India’s biotech industry. Franchise business prospects continue to grow in Mysuru, Hubballi, and Belagavi.
6. Tamil Nadu
Chennai, Coimbatore, and Madurai drive the pharma market in Tamil Nadu, a state noted for its strong healthcare infrastructure and medical tourism.
7. Kerala
Kerala stands out for its advanced healthcare system and high per capita medicine consumption. Kochi and Thiruvananthapuram are emerging hotspots for pharmacy franchise businesses.
8. West Bengal
Kolkata serves as East India’s primary pharma trade hub. The state’s growing urban population and expanding healthcare sector offer untapped potential for pharma franchises.
9. Uttar Pradesh
UP, India’s most populous state, represents untapped potential in cities like Lucknow, Kanpur, and Varanasi given the high demand for quality medications.
10. Madhya Pradesh
With cities like Indore and Bhopal at its core, MP has witnessed a rise in pharma distribution channels, propelled by state-backed industrial policies.
11. Rajasthan
Jaipur, Jodhpur, and Udaipur bring opportunities with rising urbanization and healthcare awareness.
12. Haryana
Gurugram and Faridabad are emerging as medical and pharma hubs due to proximity to the NCR and enhanced connectivity.
13. Punjab
Ludhiana and Amritsar reflect a spurt in demand for affordable, quality medicines, which makes the state favorable for new franchise operations. Chandigarh, being the pharma capital of North India, provides strategic advantages.
14. Chhattisgarh
Raipur and Bhilai have shown growing demand for healthcare products as the industrial corridor expands.
15. Jharkhand
With rapid urban development in Ranchi and Jamshedpur, the pharma sector has seen a surge in retail and wholesale outlets.
16. Odisha
Bhubaneswar and Cuttack are seeing investments in pharma warehousing and retail chains, spurred by rising healthcare penetration.
17. Uttarakhand
Noted for its ‘pharma city’ in Selaqui, Dehradun, the state attracts business with tax incentives and supportive government policies.
18. Himachal Pradesh
Baddi is a standout, housing Asia’s largest pharma manufacturing cluster. The state records robust growth in pharma-related SMEs.
19. Assam
Guwahati’s role as a gate to Northeast India ensures pharma businesses can tap into rising medicine needs in the wider region.
20. Jammu & Kashmir
Srinagar and Jammu present opportunities as demand for branded generics rises and healthcare infrastructure modernizes.
21. Tripura
Agartala shows scope for pharmacy retail expansion, with ongoing investments in local healthcare sectors.
22. Goa
Despite being small, Goa houses several international pharma companies. Panaji continues to attract new businesses with ease of doing business and high drug standards.
23. Bihar
Patna, Gaya, and Muzaffarpur are underserved markets, offering first-mover advantages for pharma franchisees.
Why Choose Innovexia Lifesciences Pvt Ltd, Chandigarh?
Innovexia Lifesciences, a reputed name based in Chandigarh, has earned accolades for its commitment to stringent quality standards, updated product ranges, and ethical business processes. The company offers a broad portfolio of DCGI-approved medicines, competitive pricing, monopoly marketing rights, and robust support infrastructure for partners. Their expertise in navigating diverse state regulatory landscapes further makes them a preferred partner for aspiring entrepreneurs seeking to establish or expand their pharma franchise business across India’s high-potential states.
Choosing the right state, coupled with the support of a reputed partner like Innovexia Lifesciences, sets the foundation for rapid and sustainable growth in the ever-evolving pharma industry.
