The Federation of Gujarat State Chemists and Druggists Association (FGSCDA) will invest Rs 300 million in FGSCDA Ltd for the establishment and expansion of the pharma retail chain.
The ownership structure of FGSCDA Ltd will be determined based on the contributions of the investors. Governance roles and responsibilities, including the board of directors' composition and appointment procedures, will be clearly defined.
Detailed operational guidelines will be established, covering aspects such as store design, layout, branding, marketing strategies, inventory management, procurement practices, etc.
FGSCDA Ltd will adhere to all applicable laws, regulations, and standards related to pharmaceutical retail operations. Compliance with drug licensing, storage, and sale regulations will be a priority.
The company will have agreements with pharmaceutical manufacturers, distributors, and suppliers to ensure a steady supply of quality products.
If FGSCDA Ltd plans to involve franchisees or enter into partnerships, the terms and conditions of such arrangements will be outlined, including revenue sharing, branding guidelines, and support provided.
The company will commit to maintaining high-quality standards in product offerings and customer service.
Policies related to product pricing, discounts, and promotions will be established, ensuring compliance with pricing regulations and maintaining fairness for consumers.
Measures to protect customer data and maintain privacy will be outlined in accordance with applicable data protection laws.
A mechanism for resolving disputes between the company, stakeholders, franchisees (if applicable), and customers will be established.
The terms and conditions should include provisions for the termination of the agreement in case of breach of contract or other valid reasons.
