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NT Bureau
Chennai, Mar 3:

        Orchid Chemicals & Pharmaceuticals Ltd managing director K Raghavendra Rao has hailed the budget stating that strong emphasis has been made on agriculture, education, healthcare and infrastructure. For the Pharma industry in particular, the exemption of clinical trials from the service tax, concessional rate of 5 per cent customs duty for R&D institutions registered with the Directorate of Scientific and Industrial Research and reduction in customs duty for specified machinery for the pharmaceutical and biotech sectors are welcome steps.