Indian private firm beats 8-yr Chinese monopoly, supplies ammunition to Nepalese Army

New Delhi: Breaking an 8-year-old Chinese monopoly in Nepal, an Indian private company has supplied 2 million of the 5.56x45mm rounds for the Nepalese army's assault rifles under a government-to-government contract route, ThePrint has learnt. Sources in the defence and security establishment said that Bengaluru-based SSS Defence won the contract on quality beating heavy bidding by the Chinese. While the Nepalese Army used to import ammunition from India, they had stopped doing so after it replaced the Indian-made INSAS rifles with the Korean and American supplied M4s, M16s and other NATO rifles. Following a deadly encounter with Maoists in 2005…