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The fire broke out at around 09:00 local time (02:00 GMT), at an industrial complex in Tangerang, a satellite city of Jakarta.
“There are 103 workers in total at this factory, 43 are injured and being treated in three hospitals, the remains of 23 victims have been found,” Nico Afinta from Jakarta police told Kompas TV.
A firefighter on the scene said the victims had been burned beyond recognition.
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The exact number of casualties is still being confirmed.