A new $220 million sugar refinery is to be built at Sri Lanka's Magampura Mahinda Rajapaksa Port by Shree Renuka Sugars Limited India, using its Lanka Sugar subsidiary.

In addition,Thatta Cement Company is also to build a manufacturing plant in the same port, located at Hambantota. Initially, this will produce 100,000 tonnes per year, increasing to 1,000,000 tonnes by the seventh year. Cement will be exported to Pakistan and also to domestic manufacturers.