Ranbaxy CEO seeks more sourcing from China

Ranbaxy, one of the first Indian companies to set up a venture in China in 1993, is bullish on its operations and also for sourcing intermediaries to cut down production costs.

"There are a lot of opportunities for collaboration and partnership and do more than what we have been doing," Malvinder Mohan Singh, CEO and managing director, Ranbaxy Laboratories, said.

"We are not looking at any acquisitions in China. Our objective is to seek partners with whom we can work for the domestic market and jointly do things and bring a wider range of products," Singh, who is attending the inaugural annual meeting of the new champions organised by the World Economic Forum (WEF) here, added.