Videos and pictures from Reuters partner ANI showed black smoke billowing from a multi-storey building in the SSI's massive complex in the city of Pune. The blaze, which police said killed five people, had been brought under control but not extinguished.
The Maharashtra government said the fire could have been caused by an electrical fault during construction work. South Africa is expected to receive 1.5 million doses of the vaccine from the institute. However, reports in South Africa suggested that the country will pay a hefty premium compared to countries in the European Union, including the US.Many low- and middle-income countries, from Bangladesh to Brazil, are depending on the institute to deliver the AstraZeneca vaccine, branded Covishield by the Indian company.
Poonawalla, whose family owns the Serum Institute, was quoted as saying by broadcaster CNBC-TV18 that the fire would mean delays in launching new products and revenue losses of more than 10 billion rupees . Equipment worth millions of dollars has been damaged, he said.
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