Apple is planning on launching the iPhone 4 in India this Friday, 337 days following the handset’s initial release in North America.

The news comes from Boy Genius Report, who received a press release from Indian carrierĀ Aircel detailing iPhone 4 tariffs earlier today. Since, Aircel has updated its website accordingly, and you can now check out the tariffs yourself by heading over to this webpage.

As you can see, Indian Apple fans have the ability to purchase an iPhone 4 “practically for free,” and can receive 100 percent of the handset’s price (Rs. 34,500 for the 16GB model and Rs. 40,900 for the 32GB model) back in monthly credits, over the course of a year – providing they pay for the iPhone 4 in full upfront.

Here’s a price breakdown:

As you can see, it's possible to get the full cost of the iPhone 4 back via a "reversed subsidized" plan (click to enlarge)

If you’re an Apple fan living in India, are you planning on getting an iPhone 4 this Friday? And if you are, which plan will you choose? Be sure to let us know in the comments.

[via MacStories]