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June 23, 2020

India and China agree to disengage forces in eastern Ladakh

The armies of India and China have reached a ‘mutual consensus’ to disengage the forces in eastern Ladakh.

The armies of India and China have reached a ‘mutual consensus’ to disengage the forces in eastern Ladakh.

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The decision was reached at the 11-hour meeting held between senior Indian and Chinese commanders in Moldo yesterday.

The talks were held between Indian 14 Corps commander lieutenant general Harinder Singh and his Chinese counterpart.

An undisclosed source was quoted by PTI as saying: “There was a mutual consensus to disengage. Modalities for disengagement from all friction areas in eastern Ladakh were discussed and will be taken forward by both the sides.”

For the last six weeks, the two militaries have engaged in border tensions in several areas, including Pangong Tso, Galwan Valley and Gogra Hot Spring.

On 6 June, both sides agreed to gradual disengagement after the first round of talks.

However, the situation along the 3,500km border deteriorated after clashes at Galwan Valley on 15 June resulted in the deaths of 20 Indian soldiers.

Following this, the Government of India provided the armed forces ‘full freedom’ to respond to any Chinese military action to protect the country.

Last week, the Indian Army deployed more troops to forward locations near the border.

The Indian Air Force (IAF) also positioned its Sukhoi 30 MKI, Jaguar, Mirage 2000 aircraft and Apache attack helicopters to airbases, including Leh and Srinagar.

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Free Report
img

What is driving and impacting South Korea’s Defense Market?

South Korea’s defense budget is currently valued at $48.3 billion after experiencing impressive and robust annual growth of 10.5% in 2022. Over the forecast period, South Korean defense expenditure is anticipated to register a strong CAGR of 6.3% over 2023-27 and reach $66.2 billion by 2027. The country’s acquisition budget, which includes research and development (R&D) funding, is also anticipated to register significant growth, projected to reach $21.6 billion in 2027, seeing significant rise from the anticipated $17 billion in 2023. South Korean defense spending is continuing to be fueled by the country’s hostile relationship with North Korea, coupled with the need to develop its own domestic industry. If you want to strategize successfully off this growing market, it is important to be fully informed. This report’s key findings include:
  • Details on the defense budget
  • Drivers of defense spending
  • Key trends impacting the market
Download the full report so you can formulate winning strategies for the road ahead.
by GlobalData
Enter your details here to receive your free Report.

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