This was announced today - you can read more at http://www.xprize.org/about/xprize-in-india
From the page:
With over 1.2 billion people, India is the world's second-most populous country and widely considered to be a leading innovation "hotspot" with rapidly expanding technology and industrial sectors and a vast pool of enthusiastic and entrepreneurial individuals. XPRIZE believes there is tremendous opportunity to use the incentivized competition model to focus India's innovators on creating technological breakthroughs to address India's Grand Challenges
This is another exciting foray to widen the impact and opportunity of XPRIZE and our global community.
We welcome our new Indian community members!