The State Minister of Investment Promotion Dilum Amunugama announced plans to attract up to $1.5 billion to the Kappalthurai Industrial Zone in Trincomalee, Sri Lanka's second industrial zone. 

The zone will be linked to major infrastructure, including ports, railways, and airways. Amunugama also reported 30 applications for the Government’s cannabis investment plan, which is currently under review. 

The State Minister stated that Cannabis projects will be set up in Mirigama and Kandy, with future production focused on high-value extracts. 

Due to funding constraints, the industrial zone will be developed in phases.