Looks like HomeShop18 has started taking pre orders for Apple iPhone 4 in India. They have put a price tag of INR 34200 for the 16 GB & INR 40200 for the 32 GB model. Both the models are available in black & white color. They are also charging INR 40 as shipping charges. The phone will be shipped to your address in 20 days. Thats probably in time with the planned Airtel & Aircel launch.
Although the price is comparable to international prices, it might be worth waiting a few days to see what price Airtel & Aircel launch the phone at.
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