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Pranab Mukherjee: India believes in “World is one family”

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New Delhi: President Pranab Mukherjee lauded India’s high-performance execution of strategies in the sector of foreign policy.

He addressed this to the joint sitting of both the houses of parliament while inaugurating the budget session. He covered all the points, from India’s action in countering cross-border terrorists to the successful rescue operation of more than 4,000 people in Yemen.

He also came to the topic of how India maintained a peaceful relation with Bangladesh, while the signing of the historic land boundary agreement, over the disputed areas. The president indicated that India has been active in establishing a holistic approach in the arenas of economics, technology, manpower as well as giving special concentration to diplomatic efforts.

Mukherjee invited everyone to remember how India has played a crucial role of being an aid to Nepal during the earthquakes. He mentioned about Modi’s contribution in constructing Afghanistan’s new parliamentary building. “My government believes in a secure and prosperous future for our neighborhood. India remains committed to providing support to the people of Afghanistan in realizing their dream of building a stable, inclusive and democratic nation”, he said.

He also praised Modi’s active role, in realizing the importance of Climate change by launching an International Solar Alliance (ISA).

Lastly, President gave a talk on how India has been functional in strengthening the UN Security Council and the highly impressive leadership of the country while collaborating with councils like WTO, G-20, East Asia Summit etc.

Obviously he neither did left out India’s decision to hold the India-Africa Summit or India’s second International Fleet Review or else for that part, government’s policy towards the Indian Diaspora which has enhanced NRI and PIO engagement by making it easier for them to get passports and the opportunity to acquire visa on arrival by extending Electronic Travel Authorization.

Therefore, looking at all these points;  that testifies India’s friendly relation with her neighbors, one cannot deny what the President declared. And that is India is a country which believes in the notion of “The World is one family”.(inputs from agencies)

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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)