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Two labourers have been rescued till now, they said.
The incident happened around 8 am in Udyog vihar phase 1 when a dozen laborers were carrying out demolition work in the factory, they said.
According to the police, the demolition work in the three-storey building was going on since September 26 and two floors of the factory were torn down. The incident occured when the roof of the last floor caved in.
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After getting information the police team along with the civil defence and fire brigade team reached the spot and started the rescue operation.