Isnt coast guard an option for you guys?
The Indian Coast Guard conducts exams twice a year and they specifically advertise for pilots with CPLs- DGCA, FAA, JAA etc. etc etc.
You can expect to fly just about 4000 hours in 10 years there. Pays not that great. Livings real cheap. but 4000 hours on the logbook will take you places when its your time.
Its flying Vs warming your couch for most of us and booya if ya choose the couch.
I wouldnt think twice about it if I had the choice.