Vodafone to launch iPhone on 22 August, starting from Rs. 31000 in India

Just checked official mail from Vodafone confirming launch date and price of Apple iPhone in India. Vodafone is launching iPhone in India from August 22, 2008 with 8GB & 16GB models, priced at Rs. 31,000 and Rs. 36,100 respectively.
Vodafones rival,
Airtel is also launching iPhone on 22 August probably at the same price.
This is much higher than what I have expected. Also as these prices are clearly targeting very rich consumer section, these iPhones may come altogether with different plan with higher call rates / GPRS charges.
But I am still hopeful that prices will drop significantly once telecom companies make enough profits from first wave of iPhone customers. So I will surely wait for atleast 2 months before buying iPhone.
If you happen to buy it, please mail me your picture with your iPhone at sahdevmali@gmail.com . I am planning to create gallery of our proud iPhone owners.
Update: Check Vodafone’s plans for iPhone user at Digital Inspiration