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On Republic Day, Indian Army and Chinese Peoples Liberation Army commit to boost functional relations

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Republic Day in India, Wikimedia

India, Jan 27, 2017: In a bid to enhance functional relations at the border, ceremonial personnel meetings between troops of the Indian Army and Chinese Peoples Liberation Army were held on Thursday in eastern Ladakh on the occasion of India’s 68th Republic Day.

At the Chushul-Moldo meeting point, the delegations were led by Brigader R.S. Raman and Senior Colonel Wang Jun Xian, while at the DBO-TWD meeting point, the delegations were led by Col. Manish Mehrotra and Colonel Song Zhang Li.

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“The proceedings commenced by ceremonial hoisting of flags of both the countries which was followed by ceremonial address by both delegation leaders which exuded warmth and reaffirming the mutual desire of maintaining and improving relations at the functional level at the border,” said an army statement.

“Thereafter, a cultural programme showcasing vibrant Indian culture was organised,” it added.

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According to the statement, the delegation parted amidst feeling of friendship and commitment towards enhancing the existing cordial relations and sought to build on the mutual feeling of upholding the treaties and agreements signed between the governments of the two sides to maintain peace and tranquility along the LAC.

“Both the delegations interacted in a free, congenial and cordial environment,” the statement said. (IANS)

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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)