According to the chili traders, there were around 5,000 bags of chillies which were worth Rs 17 crore stored in the godown at the time of the mishap.
The fire broke out reportedly due to a short circuit. Around eight fire traders were involved in the fire fighting and took near about four hours to control.
Wholesale traders also claim that the APMC which is generating around Rs 5 crores from chilli traders alone had failed to install firefighting arrangements there.