Atlas Laboratories and Pharmaceuticals Ltd (ALPL), a division of bicycle manufacturers Atlas, has finally launched a range of pharmaceutical products in Jammu and Kashmir.

The company has launched the products in the state as a part of its expansion plans and it would soon launch its pharmaceutical products in other states across the country.

ALPL, which has set the target of being the leading pharmaceutical company in the country by year 2016, has recently entered in contract manufacturing for its Haridwar plant with some leading companies including Cipla.

At present, the company has a manufacturing plant at Hardwar in Uttarakhand with an investment of Rs 100 crore. The company plans to enter markets in Africa, European Union and United States, after getting requisite certification from the World Health Organisation (WHO).

Over the next 18 months, ALPL has set a target of having 1,000 dealers feeding products to one lakh retail outlets all over the country.

The company is also targeting a turnover of Rs 500 crore in the next five years.