Chandigarh, March 28, 2026 (Yes Punjab News)
In a significant boost to Punjab’s tourism and hospitality sector, Cabinet Minister Sanjeev Arora announced that the Oberoi Group and Springedge Solutions Pvt. Ltd. have signed a Memorandum of Understanding (MoU) for the development of a world-class hospitality project in Amritsar.
The MoU was signed in the presence of senior representatives of both sides, including Mr. R. Shankar, President – Corporate and Legal Affairs, Oberoi Group, and Dr. Shahbaz Singh, Dr. Avtar Singh and Dr. Amandeep Kaur, Directors of Springedge Solutions Pvt. Ltd. The signing ceremony was also attended by Mr. Gurkirat Kirpal Singh, Administrative Secretary, Industries & Commerce, Punjab.
Furthermore he informed that the upcoming 150-room project will be developed under the Trident brand of the Oberoi Group and will come up on Amritsar–Tarn Taran Road, around 3 kilometres from the Golden Temple. Spread over 3 acres, the project involves an investment of around ₹400 crore and is expected to significantly strengthen Amritsar’s premium hospitality infrastructure.
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, he 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.
Notably, 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 Oberoi Group currently has 32 operational hotels across the country, while 10 more are in the pipeline. In Punjab, the Group already operates The Oberoi Sukhvilas Spa Resort, New Chandigarh under the Oberoi brand.
The Amritsar project is also significant as it is being described as the first Greenfield project of this scale under the Trident brand in Punjab. Work on the project is expected to begin in July 2026, with completion targeted for March 2029.
The Government of Punjab, through Invest Punjab, played a proactive role in facilitating this collaboration. Invest Punjab has been closely engaging with both parties for over one and a half years and was instrumental in bringing them together, reflecting the state government’s commitment to enabling high-value investments.
Highlighting Punjab’s strong industrial momentum, Cabinet Minister Sanjeev Arora informed that the state has attracted ₹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 ₹1,59,947 crore, with an employment potential of 5,57,664 jobs, showcasing the growing confidence of investors in the state.
This collaboration marks another important milestone in Punjab’s journey towards becoming a preferred destination for high-end tourism, hospitality and investment, while further reinforcing Amritsar’s position as a global cultural and spiritual hub.
Cabinet Minister Sanjeev Arora said Punjab is emerging as a preferred destination not only for industry, but also for premium tourism and hospitality investments. With proactive support from Invest Punjab, such landmark projects are becoming a reality and contributing to the state’s economic growth.
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