India is an emerging economy with high GDP growth rate and extremely lucrative market for consumer goods manufacturers like cosmetics. A report by TechSci Research states that the Indian cosmetics market is expected to grow at a CAGR of 6% in the period from 2019 to 2024. The demand is […]
India is an emerging economy with high GDP growth rate and extremely lucrative market for consumer goods manufacturers like cosmetics.
A report by TechSci Research states that the Indian cosmetics market is expected to grow at a CAGR of 6% in the period from 2019 to 2024.
The demand is created by the growing youth population in our country, and rise in salons and rapid adoption of personal care and beauty treatments even in Tier 2 cities.
This segment has high potential for growth and profits for existing and new manufacturers.
But there are hoops to jump through to manufacture your products and sell. And the biggest stumbling block is right at the beginning – licensing and regulatory compliance.
Actually, today the entire business process and routine operations has strong overlaps with regulatory compliance.
The government has implemented strict regulatory parameters and are obsessed with adherence of the law.
Let these evolving regulatory requirements become your arsenal to compete and excel instead of being a hindrance.
In the 21st century, there are 3 specific aspects to any business.
As an owner or top management of a cosmetics manufacturing business, you are well – versed with strategy. You have a great team in place to outshine competitors through operational excellence.
You probably intend to expand or start your cosmetics manufacturing business.
But, your ability to understand, comply, implement and keep up with regulatory affairs can be your Achilles’ heel.
You need a team of regulatory experts to help traverse through this wide variety of compliance clauses and stay on top of your game.
Or you can simply unburden your regulatory compliance to us at CliniExperts.
By aligning with an entity whose sole focal point is to monitor and crush the regulatory requirements of cosmetics business on a day to day basis, you are relieved of the nitty-gritties.
For example: you must be aware of the new draft regulation introduced to monitor and manage the cosmetics segment in India. How conversant are you?
The new draft regulation has 71 articles primarily centering on the entire ambit of cosmetic products, their ingredients and usage.
Let us break it down for you
In our next article, we will discuss the regulatory requirement for cosmetic importers.
Meanwhile, if you have specific questions or need some clarification on regulatory requirements for manufacturing cosmetics in India, feel free to connect with us and we will be delighted to assist.
Saurangi is a food regulatory expert with 8 years of experience. She shares her knowledge and insights on regulatory updates, food trends, best practices, and news. Follow her for expert insights and practical advice on all things for food regulatory
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