Perthshire-based whisky distillery John Fergus and Co has announced that it has entered a partnership with Indian alcoholic drinks company Kyndal, in a tie-up that will lead to an investment in a new a Glenrothes distillery worth £6.7 million.
Once the project is completed by 2015, it is expected to provide a £3.6 million boost to exports, while also creating 15 jobs over the course of the next three years.
The creation of a new malt distillery and bonded warehouse is a project has that has received funding of £1.58 million from the Scottish government's food processing and co-operation scheme, while a further £240,000 came from the Scottish Enterprise's regional selective assistance grant.
India is currently one of the fastest growing economies in the world, and some of its companies already have a strong relationship with Scotland.
The number of exports to India from Scottish companies currently stands at £200 million, with investment from the country currently supporting more than 2,700 Scottish jobs.
Scottish Development International also has offices in cities such as Delhi, Mumbai and Hyderabad, with staff on hand to offer advice on companies looking to break into the Indian market.
Kyndal, which was established 11 years ago, manufactures and distributes premium brands across the Indian subcontinent, Far East and the Middle East. The company also has sales offices located all across India.
Scotland’s minister for external affairs and international development Humza Yousaf said that the announcement was "reason to celebrate our strong relationship with the Indian business community and an example of why we should seek out more collaborations”.
Rooma Bussi, India country manager of Scottish Enterprise’s international arm, Scottish Development International said: “This is an exciting project which demonstrates the growing opportunities for business and collaboration between Scotland and India.”
Ian Palmer, managing director of John Fergus & Co added: “We chose India as our principle market because of its excellent long term growth potential and its entrepreneurial spirit.”