Kyndal India, an importer, maker and distributor of premium spirits, is planning to set up a malt distillery in Scotland.

The project will be developed in various phases. Initially, the company will invest £6.7 million (approx Rs 65 crore) to set up the unit with an initial capacity of about four million ltr. For Phase-II, the company will require about £7 million (approx Rs 68.5 crore), depending on the market conditions scale of the project.

Phase-I of the project will have a distillery and bonded warehouse in Glenrothes, Fife, which is expected to be completed over the next 15 months. The company plans to start selling 'good quality' premium blended Scotch whisky commercially by 2018.

Most of the investment will come from Kyndal and its partner for the project - John Fergus & Co. However, it has also received a grant of £1.58 million (approx Rs 15.4 crore) from the Scottish Government's Food Processing Marketing and Co-operation Scheme, and Scottish Enterprise support of £2,40,000 (approx Rs 2.35 crore) Regional Selective Assistance.