Dhiraj Singh | Bloomberg | Getty Images
Shipping containers in addition to also gantry cranes stand at a container transhipment terminal operated by DP World in Cochin, India.
The port operator recently signed a $3 billion joint venture with the National Indian Infrastructure Fund to improve logistics in various areas.
According to the DP World website, the company is actually currently operating or developing ports in six cities in India: Mundra, Nhava Sheva, Cochin, Chennai, Visakhapatnam in addition to also Kulpi. In Asia, the firm also works in Thailand, Vietnam, China, Indonesia, the Philippines in addition to also South Korea.
Although the environment inside the United States is actually “Great for business” right now, DP World has not found the right opportunity to enter the market there, Bin Sulayem said.
“[President Donald] Trump is actually lifting his foot through the brake. He removed regulations which are becoming bottlenecks for businesses,” he said. “He gave some visibility of what he wants to do.”
The CEO also took a positive tone on Trump’s trade rhetoric.
“What he’s talking about is actually not protectionism. What he’s talking about is actually free trade,” Bin Sulayem said. “He’s saying, ‘I want free trade to be fair trade — if you don’t open your markets, why should we open our market?’ I think the item’s fair.”
nevertheless the “expensive” costs to operate ports inside the U.S. are prohibitive right now, he said.
“There is actually nothing to stop us to go to the United States, we can always go. We haven’t found the right opportunity. The cost of operations inside the States makes the returns very low.”