HomeNewsIndiaMajor fire breaks out at Bangalore Bioinnovation Centre; estimated loss around Rs 150 crore
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Major fire breaks out at Bangalore Bioinnovation Centre; estimated loss around Rs 150 crore

Preliminary estimates say startups incurred losses ranging from Rs 80 crore to Rs 110 crore, while damage to BBC properties is estimated at Rs 42 crore.

January 15, 2025 / 23:08 IST
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Bangalore Bioinnovation Centre (a Government of Karnataka undertaking) in Electronics City
Bangalore Bioinnovation Centre (a Government of Karnataka undertaking) in Electronics City

A major fire broke out at the Bangalore Bioinnovation Centre in Electronics City, on January 14, causing extensive damage estimated at around Rs 150 crore.

Bangalore Bioinnovation Centre, a Karnataka government-owned research and development centre dedicated to the life sciences ecosystem, which serves as a hub for startups.

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Preliminary estimates say that losses incurred by startups range from Rs 80 crore to Rs 110 crore, while damage to BBC properties is pegged at around Rs 42 crore.

No injuries have been reported so far.