NOVEMBER, 20269Union Commerce and Industry Minister Piyush Goyal has highlighted the potential of India-Germany cooperation to strengthen research, innovation, and manufacturing. Speaking at the Berlin Global Dialogue, he said the EU trade deal could create new opportunities for bilateral business ties, particularly in research and development (R&D). Goyal called for greater collaboration between German technology companies and Indian manufacturers. He said the partnership could combine Germany's precision engineering with India's skilled workforce and cost-effective manufacturing capabilities. The goal is to develop products jointly in India and serve markets across the world. Goyal said stronger research cooperation could help businesses from both countries co-develop, co-design, and co-create new products. He also highlighted the role of India's growing network of free trade agreements in expanding access to international markets. JSW Steel Q2 results for FY27 show a sharp rise in profitability and revenue. The company reported a 225.3 percent year-on-year (YoY) increase in consolidated net profit attributable to owners. Net profit reached Rs 5,279 crore in the second quarter, compared with Rs 1,623 crore in the same period last year. Revenue from operations rose 20.7 percent to Rs 54,486 crore from Rs 45,152 crore in Q2FY26. Total income also increased 20.9 percent to Rs 54,927 crore, compared with Rs 45,436 crore a year earlier.The company's earnings per share (EPS) reflected the strong growth in profitability. Basic EPS climbed to Rs 21.63 during the quarter from Rs 6.66 in the corresponding period last year, marking a 224.8 percent YoY increase. The quarterly performance also included record crude steel production and steel sales. JSW Steel reported its highest-ever quarterly crude steel production of 7.07 million tonnes. Steel sales reached a new quarterly high of 7.27 million tonnes. Surat, known for its sarees and synthetic fabrics, is expanding into specialized defense fabrics. The shift reflects the city's changing textile industry and India's push to strengthen domestic manufacturing. Companies are adding high-performance textiles to their traditional product lines, creating new opportunities for industrial growth. The Laxmipati Group is among the companies manufacturing and processing specialized fabrics for defense applications.According to Amit Mittal of the group, fabrics that were once imported are now being produced in India. This shift is helping meet domestic demand while creating employment opportunities. Mittal said the company currently caters to India's domestic consumption needs. It also plans to explore export opportunities in the future. He highlighted the role of government support in helping the sector develop and expand. Passenger train manufacturing in India could enter a new phase as Jupiter Wagons Limited partners with Poland's PESA Bydgoszcz to explore local production of locomotives and passenger rail vehicles. The agreement, signed during the Poland-India Economic Forum in New Delhi on October 22, 2026, establishes a framework for technology transfer, joint manufacturing and railway component production.It also opens the possibility of collaboration on hydrogen-powered vehicles and railway decarbonisation. The development adds to Jupiter Wagons' product range, but it also shows how working with international technology partners can help Indian manufacturers build expertise in advanced rolling stock to meet the nation's growing mobility requirements. JSW STEEL Q2 RESULTS: NET PROFIT JUMPS 225%, REVENUE RISES 21%SURAT'S TEXTILE INDUSTRY BETS ON TECHNICAL TEXTILES AND DEFENSE FABRICPIYUSH GOYAL HIGHLIGHTS INDIA-GERMANY TIES AFTER EU TRADE DEALJUPITER-PESA DEAL TARGETS PASSENGER TRAIN MANUFACTURING IN INDIA
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