Earlier this year, Apple COO Tim Cook confirmed that Apple's expansion plans for the iPhone included India, but said only that the iPhone would arrive there "one day." For a number of Indians, that day has already arrived thanks to unlocked iPhones, but many people are still waiting for the official release. That day may be coming soon, though, since Rediff is reporting that the iPhone will be coming to India in September of this year and that Vodafone will be the carrier.
The news is technically just a rumor, since it claims to come from a number of internal Apple and Vodafone sources. According to these sources, the 8GB iPhone will launch in September with a price of between 27,200 and 28,000 rupees, which at current exchange rates translates to $685 to $710. If that's the case, Vodafone will be making a bit of money on the device (even if there is revenue sharing), and the company may also get a chunk of the Australian market as part of the deal.
No information about the terms of the deal, launch quantities, or sales targets is available, although one of the sources does hint that unlocked iPhones may also be available at some point. As usual, Apple and Vodafone are have no official statement on the deal, however we should be seeing an announcement sometime in the next month or two if the official launch will indeed be in September.