Friday May 24, 2019
Home India Indo-Pak NSAs...

Indo-Pak NSAs meet in Bangkok, issue joint statement

0
//

New Delhi: In a significant development, the National Security Advisers (NSAs) of India and Pakistan met in Thailand’s capital Bangkok on Sunday. This comes days after the prime ministers of two countries held a brief discussion on the sidelines of the United Nations climate change conference in Paris.

The NSAs, following their meeting, issued a joint statement in this regard, stating that the discussions were held in a candid, cordial and constructive atmosphere.

“Pursuant to the meetings of the Prime Ministers of India and Pakistan in Paris, the National Security Advisers, accompanied by the Foreign Secretaries met in Bangkok today,” the statement read.

“Discussions were held in a candid, cordial and constructive atmosphere. They were guided by the vision of the two leaders of a prosperous and peaceful south Asia.

“Discussions covered peace and security, terrorism, Jammu and Kashmir, and other issues including tranquility along the LoC. It was agreed to carry forward the constructive engagement.”

ALSO READ: Modi, Sharif hold brief interaction on sidelines of climate talks

Former chief minister of Jammu and Kashmir Omar Abdullah welcomed the meeting between two NSAs in Bangkok in a series of tweets.

Prime Minister Narendra Modi and his Pakistani counterpart Nawaz Sharif had had a brief interaction on the sidelines of the United Nations climate change conference in Paris, days after the latter said that Islamabad was ready for an unconditional dialogue with India to resolve all unsorted issues.

Sharif said, Pakistan wanted sustainable peace and therefore his country was ready to hold talks with India without any preconditions.

However, Nawaz Sharif expressed solidarity with the separatists groups of Kashmir. He even pledged to support them in their endeavors.

Next Story

Sony Mobile Exit India Market Owing to Hyper- Competition

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

0
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.

Also Read- Bulgeria, Greece Launches Gas Pipeline from Azerbaijan to Ease Dependence on Russia Supplies

“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)