Castoldi establishes Indian subsidiary

Castoldi S.r.l., Italy’s leading manufacturer of waterjet propulsion systems with over 40,000 units installed worldwide, announces the establishment of Castoldi India, a dedicated local subsidiary to serve the Indian market.

The new entity will allow Castoldi to provide closer, more responsive support to its existing Indian customers, while also positioning the company to participate in procurement programmes subject to the Government of India’s Make in India initiative, which requires progressive indigenisation of products and components for Indian defence and commercial projects.

“We believe strongly in the partnership between Italy and India,” said Giacomo Castoldi, CEO. “India is a country with enormous potential for waterjet propulsion technology — in both the commercial and defence sectors — and this step reflects our long-term commitment to this market.”

Castoldi has been active in India for several years, supplying waterjet systems for naval and commercial applications. A landmark reference is the Indian Navy’s FIC (Fast Interceptor Craft) programme, under which 80 vessels equipped with Castoldi waterjets have been operating successfully since 2013. The establishment of a local subsidiary marks a significant step forward in the company’s strategy to develop deeper industrial and commercial ties with Indian partners and customers.

About Castoldi S.r.l. Founded in 1962 by engineer Luigi Castoldi, Castoldi S.r.l. is headquartered in Albairate, Milan, and has manufactured waterjet propulsion systems for commercial, military, and recreational vessels for over six decades. Castoldi waterjets are certified by leading classification societies including Bureau Veritas, ABS, and RINA, and are in service with navies, coast guards, and commercial operators worldwide.