Long-term investment is dependent on consistency of govt policies-Chellarams

Discloses plan to provide power to industrial firms

The Managing Director of Chellarams Plc, Chief Suresh Chellaram, has tasked the Federal Government on long- term and consistent policies that will aid the business growth for both the company and the economy.

Speaking after the closing gong ceremony on Wednesday, held in commemoration of the recent join venture embarked on with the world’s 7th largest diary producer, DMK group, Chellarams said that the government need to learn that the most important thing in order to create a sustainable economy is consistency in policies.

The company’s recently concluded joint-venture agreement with the DMK GROUP; a German-based dairy company is for the production, marketing, sales and distribution of a full range of dairy products across Nigeria.

DMK had before now being a supplier of dairy products to the company for the past 25 years, but the new partnership will assist in developing more dairy products for Nigeria both on an import basis and local development basis.

Meanwhile, Chellarams disclosed that the firm has a small independent power generating plant in Lagos, where power is generated for the company and sold to neighboring firms.
“It is gas based power and we think that this is one of the most exciting projects that we have gone into recently and will have a good sustainable impact on industry in Lagos.”

· L – R: Haruna Jalo-Waziri, Executive Director, Capital Markets Division, The Nigerian Stock Exchange (NSE); Mrs Ezinwanne Nnoruka, Group Company Secretary/Legal Adviser, Chellaram Plc; Asiwaju Solomon K. Onafowokan, OON, Chairman, Chellarams Plc; Ade Bajomo, Executive Director, Market Operations and Technology, NSE; Chief Suresh Chellaram, Managing Director, Chellarams Plc; Mr Aditya Chellaram, Chief Executive Officer, Chellarams Plc; and Mr Micheal Feller, COO, International Business Unit, DMK Deutsches Milchkontor GmBH at the Closing Gong Ceremony at the Exchange… on Wednesday.

Afolabi Adesola