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Boris Johnson to offer India help to build its own fighter jets

The Rashtranews reported, citing Reuters, UK PM Boris Johnson will reiterate the vital importance of the UK-India partnership for global peace and security, as he visits New Delhi today (Apr 22).
In his first visit to New Delhi as prime minister, Johnson will discuss with Narendra Modi boosting trade and security ties with the South Asian country that buys more than half of its military hardware from Russia.
In meetings with PM Modi on Friday, Johnson is expected to discuss next-generation defence and security collaboration across the five domains – land, sea, air, space and cyber.
This includes support for new Indian-designed and built fighter jets, offering the best of British know-how on building battle-winning aircraft. The UK will also seek to support India’s requirements for new technology to identify and respond to threats in the Indian Ocean.
NEW: More than 11,000 new UK jobs will be created through new India trade and investment deals.
— UK Prime Minister (@10DowningStreet) April 21, 2022
The UK-India partnership is delivering jobs, growth and opportunity for our people.
To support greater defence and security collaboration with India over the coming decade, the UK will issue an Open General Export Licence (OGEL) to India, reducing bureaucracy and shortening delivery times for defence procurement. This is our first OGEL in the Indo-Pacific region.
Johnson said in a statement after visiting Modi’s home state of Gujarat on Thursday: “The UK’s partnership with India is a beacon in these stormy seas. Our collaboration on the issues that matter to both our countries, from climate change to energy security and defence, is of vital importance as we look to the future."
Ukrainian troops begin training in Britain as Boris Johnson steps up support
He added: “I look forward to discussing these issues with Prime Minister Modi in New Delhi today and working together to deliver a more secure and prosperous future for both our peoples."
Johnson will also discuss new cooperation on clean and renewable energy in his meetings in New Delhi, aimed at supporting India’s energy transition away from imported oil and increasing its resilience through secure and sustainable energy, and addressing climate change in both the UK and India.
The UK and India are launching a virtual Hydrogen Science and Innovation hub to accelerate affordable green hydrogen, as well as new funding for the Green Grids Initiative announced at COP26, and collaboration on joint work on the electrification of public transport across India.
Boris Johnson begins a two-day visit to India and will meet PM Modi on Apr 22
As well as boosting the domestic energy and economic resilience, the UK and India are collaborating as a force for good globally. The governments are committing up to £75 million to roll out adaptable clean tech innovations from India to the wider Indo-Pacific and Africa, and working together on international development and girls education.
Source: rashtranews
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BENEFIT AGM approves 10%...
- March 27, 2025
BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, held its Annual General Meeting (AGM) at the company’s headquarters in the Seef District.
During the meeting, shareholders approved all items listed on the agenda, including the ratification of the minutes of the previous AGM held on 26 March 2024. The session reviewed and approved the Board’s Annual Report on the company’s activities and financial performance for the fiscal year ended 31 December 2024, and the shareholders expressed their satisfaction with the company’s operational and financial results during the reporting period.
The meeting also reviewed the Independent External Auditor’s Report on the company’s consolidated financial statements for the year ended 31 December 2024. Subsequently, the shareholders approved the audited financial statements for the fiscal year. Based on the Board’s recommendation, the shareholders approved the distribution of a cash dividend equivalent to 10% of the paid-up share capital.
Furthermore, the shareholders endorsed the allocation of a total amount of BD 172,500 as remuneration to the members of the Board for the year ended 31 December 2024, subject to prior clearance by related authorities.
The extension of the current composition of the Board was approved, which includes ten members and one CBB observer, for a further six-month term, expiring in September 2025, pending no objection from the CBB.
The meeting reviewed and approved the Corporate Governance Report for 2024, which affirmed the company’s full compliance with the corporate governance directives issued by the CBB and other applicable regulatory frameworks. The AGM absolved the Board Members of liability for any of their actions during the year ending on 31st December 2024, in accordance with the Commercial Companies Law.
In alignment with regulatory requirements, the session approved the reappointment of Ernst & Young (EY) as the company’s External Auditors for the fiscal year 2025, covering both the parent company and its subsidiaries—Sinnad and Bahrain FinTech Bay. The Board was authorised to determine the external auditors’ professional fees, subject to approval from the CBB, and the meeting concluded with a discussion of any additional issues as per Article (207) of the Commercial Companies Law.
Speaking on the company’s performance, Mr. Mohamed Al Bastaki, Chairman BENEFIT , stated: “In terms of the financial results for 2024, I am pleased to say that the year gone by has also been proved to be a success in delivering tangible results. Growth rate for 2024 was 19 per cent. Revenue for the year was BD 17 M (US$ 45.3 Million) and net profit was 2 Million ($ 5.3 Million).
Mr. Al Bastaki also announced that the Board had formally adopted a new three-year strategic roadmap to commence in 2025. The strategy encompasses a phased international expansion, optimisation of internal operations, enhanced revenue diversification, long-term sustainability initiatives, and the advancement of innovation and digital transformation initiatives across all service lines.
“I extend my sincere appreciation to the CBB for its continued support of BENEFIT and its pivotal role in fostering a stable and progressive regulatory environment for the Kingdom’s banking and financial sector—an environment that has significantly reinforced Bahrain’s standing as a leading financial hub in the region,” said Mr. Al Bastaki. “I would also like to thank our partner banks and valued customers for their trust, and our shareholders for their ongoing encouragement. The achievements of 2024 set a strong precedent, and I am confident they will serve as a foundation for yet another successful and impactful year ahead.”
Chief Executive of BENEFIT; Mr. Abdulwahed AlJanahi commented, “The year 2024 represented another pivotal chapter in BENEFIT ’s evolution. We achieved substantial progress in advancing our digital strategy across multiple sectors, while reinforcing our long-term commitment to the development of Bahrain’s financial services and payments landscape. Throughout the year, we remained firmly aligned with our objective of delivering measurable value to our shareholders, strategic partners, and customers. At the same time, we continued to play an active role in enabling Bahrain’s digital economy by introducing innovative solutions and service enhancements that directly address market needs and future opportunities.”
Mr. AlJanahi affirmed that BENEFIT has successfully developed a robust and well-integrated payment network that connects individuals and businesses across Bahrain, accelerating the adoption of emerging technologies in the banking and financial services sector and reinforcing Bahrain’s position as a growing fintech hub, and added, “Our achievements of the past year reflect a long-term vision to establish a resilient electronic payment infrastructure that supports the Kingdom’s digital economy. Key developments in 2024 included the implementation of central authentication for open banking via BENEFIT Pay”
Mr. AlJanahi concluded by thanking the Board for its strategic direction, the company’s staff for their continued dedication, and the Central Bank of Bahrain, member banks, and shareholders for their valuable partnership and confidence in the company’s long-term vision.
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