Any one and every one with US$ 5 mil can start an airline in India, lot of small biz are doing it for the publictiy they get from statments like this.
What happend toIndiGo they placed an order of 100 A320s at Paris show??????
In next one yr the market will many these guys fold up or merge, sell out unlike europe/ usa there are no alternate airports to save on landing costs and ATF has a huge tax on local airlines.