Several firefighting units have been dispatched to the factory in the Bayezid Textile area
The fire broke out at Mostafapur Bazaar around 5am on Monday and soon spread through the shops, Madaripur Fire Service Station Officer Nittyagopal Sarker said quoting locals.
The shops stored gold jewelleries, cosmetics, shoes and fertilisers, he said.
Fire fighters managed to put out the blaze after two hours.
The fire service suspects that electric short circuit triggered the fire.
The damage was yet to be assessed, said Nittyagopal.