It's raining tablets and e-book readers - not only in U.S.- but also in India where a homegrown company has introduced its own e-book reader that, at least by the looks of it, has what it needs to take on the biggies in the business.
Say hello to the Infibeam "Pi". This is by far India's first attempt at making an e-book reader of our own that has actually materialized and the product is ready for "consumption". The Pi is made by shopping portal Infibeam which currently offers over one lakh books for Indian readers via its portal http://infibeam.com.
There are plans to add more books and unlike the Kindle, the Pi gives its users a cool option to upload their own content via a USB. In future, you can also expect a lot of newspaper and publications to the list of reading materials. The Pi, apart from being just an e-book reader, also happens to be a music player. It has 512MB of ROM and supports upto 4GB of memory with SD cards.
Specifications:

• Screen: 6-inch E Ink Vizplex. No backlight / glare.
• Weight: 180gm, Less than 10mm
• Formats supported: includes PDF, EPUB, HTML, TXT, MOBI, DOC
• Images: (will show in grayscale - screen is 600 800 pixels) in JPG, BMP and PNG.
• Internal Memory: 512 MB, 4GB via SD Slot

The Pi will be launched later this month and is likely to be priced at Rs. 9,999.
That said, you might be surprised by the similarity of Infibeam's website (and the logo) and that of Amazon's website. Although the Pi in itself looks like a good product, its similarity with Kindle and even the Amazon website on the whole was totally unnecessary. It could have been much more original.