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Factory fire destroys property worth Rs2 cr
24 Jan '07
1 min read
Creative Garment's first-floor office and factory were completely burnt as fire spread across the entire 15,000 sq ft premises destroying documents, costly equipments and property worth Rs2 crore yesterday.
The company was housed in Sun Mills Compound at Cama Industrial Estate, Lower Parel, Mumbai.
The fire which broke out at 8 am was doused by firefighters after about 6 hours. It could have put more than 200 company employees to great danger had it occurred later.
Sunil Gaikwad, a senior fire official said the cause of the fire is not known but it could have been due to a short circuit.
Assessing the situation a company spoke person said that a loss of over Rs2 crore may have been incurred, as a consignment of new design samples and two-month old machines that cost crores have been destroyed in fire.
A business man on second floor of the building informed that fire broke out every year, either in January or February.
People working in the building opined that due to the approaching fiscal-year end deadline such fires do occur to dodge income tax.
Income-Tax officials also agree as it is a common practice to destroy documentary evidence.
The company was housed in Sun Mills Compound at Cama Industrial Estate, Lower Parel, Mumbai.
The fire which broke out at 8 am was doused by firefighters after about 6 hours. It could have put more than 200 company employees to great danger had it occurred later.
Sunil Gaikwad, a senior fire official said the cause of the fire is not known but it could have been due to a short circuit.
Assessing the situation a company spoke person said that a loss of over Rs2 crore may have been incurred, as a consignment of new design samples and two-month old machines that cost crores have been destroyed in fire.
A business man on second floor of the building informed that fire broke out every year, either in January or February.
People working in the building opined that due to the approaching fiscal-year end deadline such fires do occur to dodge income tax.
Income-Tax officials also agree as it is a common practice to destroy documentary evidence.
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