The Kyndal Group will set up new malt distillery and bonded warehouse in Scotland with an estimated investment of 6.7 million pounds ($10.7 million), the company’s managing director, Siddharth Banerji, said.
Capacity
The plant will be operational by 2015. It will have the production capacity of 4 million litres. “We are hopeful to begin the commercial production by 2015, however, initially the volume will be low. By 2020, the project will be running on full capacity,” Mr. Banerji said at a media briefing here.
Kyndal Group has signed a joint venture agreement with John Fergus & Co Ltd, promoted by Ian Palmer, to set-up the plant. Planning permission for the 7 hectare (17 acres) site was approved in January 2013.
Addressing presspersons, Scotland’s Minister for External Affairs and International Development Humza Yousaf, who is on a visit to New Delhi, said the Scottish government would provide all necessary support for the project.
“This project has proved yet again that there are strong and positive economic reasons for setting up business in Scotland. It is also another reason to celebrate our strong relationship with the Indian business community and an example of why we should seek out more collaborations,” Mr. Yousaf said.
