Faf du Plessis, David Miller and David Malan are the other three cricketers who have withdrawn from the tournament scheduled to begin next month.
Rajapaksa further added that the LPL will also help in boosting the country's sports economy, along with helping young athletes to rise on the international arena.
Bollywood star Salman Khan's brother Sohail has bought the Kandy franchise in the upcoming Lanka Premier League.
In the draft held on Monday, Manpreet and Manvinder were picked by Colombo Kings, one of the five teams participating in the T20 league.
The tournament will be played between November 21-December 13 at two venues -- Pallekele and Hambantota. A total of 23 matches will be played in all.
The starting date of the Lanka Premier League has been adjusted to meet the quarantine requirements.
The inaugural edition of the Lanka Premier League will begin on November 14, with the final taking place on December 6.
The inaugural edition of the Lanka Premier League has been postponed following the consideration of "health guidelines" issued by the Ministry.
The T20 league will see 23 matches being played on the four international venues. Five teams have been named after the cities of Colombo, Kandy, Galle, Dambulla and Jaffna.
Irfan Pathan is believed to have been cleared to participate in overseas T20 leagues as he has already retired from international cricket.
In the tournament, each franchise will be allowed to pick a maximum of six foreign players in the squad with only four in the final eleven.
Sri Lanka Cricket remains firm on hosting the Lanka Premier League from August 8-22.
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