Good news folks.. just came across an article on rediff few minutes back. Apple is planning to launch iPhone in India. The phone is expected to release in the first week of September. The approximate price range could be between Rs. 27,000 to Rs. 28,000. Vodafone is going to release the phone in India. The price is approximately Rs. 10,000 more than what is available in US market. (USD 399)
And yea, another good news, this iPhone might be officially unlocked.
Update: Airtel also joined the bandwagon of selling iPhones in India – check more info here