Chandigarh, March 28
In a boost to Punjab’s tourism and hospitality sector, Industries Minister Sanjeev Arora on Saturday announced that the Oberoi Group and Springedge Solutions Pvt. Ltd. have signed a memorandum of understanding for the development of a major hospitality project in Amritsar.
The Government of Punjab, through Invest Punjab, played a proactive role in facilitating this collaboration, the minister said in a statement.
Arora said that the upcoming 150-room project will be developed under the Trident brand of the Oberoi Group. Spread over 3 acres, the project involves an investment of around Rs 400 crore and is expected to significantly strengthen Amritsar’s premium hospitality infrastructure, he said. The project is expected to generate employment for around 350 persons, giving a further fillip to local economic activity and job creation, he added.
Sharing more details, Arora said that this hospitality venture will be developed as a joint collaboration between the Oberoi Group and Springedge Solutions Pvt. Ltd., bringing together the Oberoi Group’s globally respected expertise in luxury hospitality and Springedge’s strong local institutional presence.
This will be the first hotel in Punjab under the Trident brand. At present, 9 hotels are operational under the Trident brand across India, the statement said. Work on the project is expected to begin in July 2026, with completion targeted for March 2029.
Highlighting Punjab’s strong industrial momentum, Sanjeev Arora said that the state has attracted Rs 59,448 crore of investments in 2025-26, the highest in its history, with a potential to generate 1,33,221 jobs.
Further, since April 1, 2022, Punjab has attracted investments worth Rs 1,59,947 crore, with an employment potential of 5,57,664 jobs, showcasing the growing confidence of investors in the state.
