Are you aware India is in the stage of getting stricter with this cypto currencies and might even ban in India. Have you read all the statements release till now and nothing positive as such have come out yet form the  statements release by the officials. Banks are freezing the accounts of exchanges and on this you have come up with your exchange and for me this would be the wrong time . Had government given green signal it would have being worth it but now I think you are playing highly with risk.

Open question:

Why has Bitcoin so far gotten zero traction in India?

Some thoughts...
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- India has more programmers/computer people than the rest of the world combined.
- People in India love tangible assets (gold/silver)
- The Rupee is crashing and the gold price has just hit an all time high in Rupees.
- > 10⁸ people in India have no bank account or otherwise access to financial services.
- Millions of Indians live outside India and send money to/from relatives in India.
- Unlike China, India has no "great firewall".

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Last week, many Bitcoiners got very excited that the turnover on the Chinese Bitcoin exchange spiked for a few days. Why? Because there are a lot of potential Bitcoiners in China, of course.
But India does not even have a Bitcoin exchange of its own! Why not?