Kathmandu, May 30 -- A $30,000 (around Rs4.6 million) award has been established to recognise individuals and organisations contributing to the development of Nepal's mountaineering sector and Himalayan communities. The prize is said to be the largest ever established in Nepal's alpine and mountaineering sector.

The prize has been jointly set up by Everest Alliance Nepal and China's GoNature Outdoor Sports Group Co Limited. The agreement was signed during the recently held Everest Summiteers Summit 2026 in Kathmandu.

Everest Alliance Nepal is a dedicated initiative founded by a tourism entrepreneur, while GoNature Sports Group manufactures and distributes sporting goods.

According to the organisers, the memorandum of understanding was ...