Built for adventure, held back by regulations
Summary
Entrepreneurs in Nepal's adventure tourism sector face regulatory confusion, bureaucratic delays, and overlapping jurisdictions, hampering business growth despite large investments.
Key Points
- Everest Bungee was shut down after complaints despite having government approvals, highlighting bureaucratic challenges.
- Adventure tourism businesses face overlapping regulations from multiple government agencies in Nepal.
- Only 56 companies are officially licensed; many operate without licenses despite government notices.
- Environmental assessments and land leases add further complexity and delays to adventure tourism projects.
