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India sends aid to cyclone hit Fiji

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Fiji
Photo: http://www.ezilon.com

New Delhi: India rushed financial and material aid to Fiji that has suffered the biggest cyclone in recorded history last weekend, a senior government official said on Tuesday.

Tropical Cyclone Winston, a category 5 cyclone, hit the Pacific Ocean island nation on February 20, claiming 44 lives.

External Affairs Minister Sushma Swaraj wrote to her Fijian counterpart Ratu Inoke Kubuabola to express her condolences, ministry spokesman Vikas Swarup said adding that India had extended 1 million dollars as immediate assistance.

“In addition, today (Thursday) a C-17 Globemaster aircraft has left for Fiji with 45 tonnes of relief material, which includes food products such as noodles, biscuits, milk powder, rice pulses, flour and salt, as well as 5.43 tonnes of medicines and 300 tents and kitchen sets,” Swarup said at a media briefing here.

People of Indian origin account for 44 percent of Fiji’s population. Most are descendants of Indians who went in the 18th and 19th centuries to work as indentured labour in sugar cane plantations in the island nation.

The help is as promised by the Indian government last week. Fiji which has been left devastated because of this cyclone is in the need of help. (IANS)

Read more here: www.newsgram.com/india-pledges-us1million-assistance-to-cyclone-hit-fiji/

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Sony Mobile Exit India Market Owing to Hyper- Competition

Sony Mobile would continue to monitor the market situations and business feasibility in the country

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Sony Mobile, India
the pressure from Chinese brands and Samsung in the major price segment resulted in continuous decline of sales for Sony. Pixabay

Facing stiff competition from Chinese and South Korean players, Japanese conglomerate Sony Corporation has announced to quit the Indian smartphone market.

Sony had less that 0.01 per cent of the total Indian smartphone market share in the first quarter of 2019, according to Counterpoint Research.

Sony Mobile, however, said that it would continue to monitor the market situations and business feasibility in the country.

“Our focus markets are Japan, Europe, Hong Kong and Taiwan to drive profitability and future prospects in the 5G era,” Sony Mobile said in a statement on Wednesday.

Sony Mobile, India, Market
Sony Corporation has announced to quit the Indian smartphone market. Pixabay

“We have ceased sales in Central and South America, the Middle East, South Asia, Oceania, etc. in FY 18,” it added.

The company assured that it would continue its customer support operations including after sales support and software updates for existing customers in India.

The India smartphone market is currently dominated by Chinese players like Xiaomi, OPPO, Vivo and OnePlus among others, besides South Korean tech giant Samsung.

According to Shobhit Srivastava, Research Analyst, Mobile Devices and Ecosystems, Counterpoint Research, the pressure from Chinese brands and Samsung in the major price segment resulted in continuous decline of sales for Sony.

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“With declining sales in India and other markets, Sony took the right decision to focus on the high ASP (average selling price) markets such as Japan,” Srivastava told IANS.

Sony India in July last year brought its flagship “Xperia XZ2” smartphone for Rs 72,990 to India that turned out to be its last launch.

“In a cut-throat market like India where Chinese smartphone brands rule the roost with industry-leading specs and having over 60 per cent market share, it’s tough for other brands to garner a meaningful revenue share. Sony has had a very miniscule market share in India,” Prabhu Ram, Head, Industry Intelligence Group (IIG), CMR, told IANS.

For Sony, the performance of its mobile business has lacked the sheen, and has been a clear outlier compared to its other divisions.

Sony Mobile, India, Market
Sony had less that 0.01 per cent of the total Indian smartphone market share in the first quarter of 2019. Wikimedia Commons

“It makes sense for it to cut its losses and refocus on other verticals,” Ram added. (IANS)