Is A Medical License A Burden For Your Company?

by Jeeny Cruz Content Writer

If you are running a medical equipment business in India, you must have already obtained a valid license. However, if you have not got your company registered yet, make sure you turn to a consultant dealing with medical device registration in India and adhere to the guidelines. You might be thinking that these norms impose certain restrictions on you, and you need to drain out a lot of money as licensing fees and requesting inspection. Well, you are mistaken. A medical license is not a burden, but a boon for the company. It includes certain initial cost, but the long run returns are rewarding indeed.

Here are a few reasons justifying the importance of a medical license from the standpoint of a company:

Enhances brand image

The brand image of a company builds up over the years. It rests on how efficiently and loyally you are serving your customers. The process begins with reliability. In order to win over the confidence of the customers, you should make sure that you have no legal loopholes. This gives you a clean chit, ensuring that you are going to provide quality products to your customers. The process of building the brand image starts right with the licensing process.

Increases credibility

Customers look out for authentic companies. They want to ensure that the qualitative values of medical instruments are retained, while they purchase them at affordable costs. As most of the equipment is used in hospitals and other health care centres, the question of safety is always a concern. They can hardly risk using substandard instruments for these purposes. The FSSAI approval is a trustable watermark that increases their confidence. Therefore, you should consider getting the license on the grounds of credibility. Apart from medical devices, companies dealing with cosmetic import India also require this approval.

Widens your customer base

As the market for medical equipment in India is rapidly expanding, you should be aware of the competition you are about to face. Customers want their products to maintain the quality, so having a valid licenseincreases your potentialities of capturing the market. It widens the customer base, which directly leads to the expansion of your business.

Types of FSSAI License

FSSAI license can be categorized into three types, depending on the type of activity, scale of business and turnover. These are FSSAI Basic registration, FSSAI State license and FSSAI Central license.

·         FSSAI Basic registration: This is applicable for the startups and small companies where the annual business turnover is below INR 12 lakhs.

·         FSSAI State license: Mid-sized companies with an annual turnover between INR 12 crores and 20 crores need to get this license.

·         FSSAI Central license: This is applicable if the company supplies to Government offices, exports medical products, or have an annual turnover over INR 20 crores.

As the stature of the company increases with business over the years, these licenses can be upgraded. It is difficult for a start-up to keep pace with the complex regulatory mechanism in the country. Reliable medical equipment consultants mentor the companies and lends wings to their business.

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Created on Sep 27th 2017 04:57. Viewed 345 times.

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