A low-cost laptop costing just around ₹6K was developed by IIT Bombay under the leadership and guidance of Prof. Kannan Moudgalya. The laptop received positive reviews from Mid-Day for the value it was able to pack at a low-cost.
The laptop is primary aimed at education, and runs the FOSSEE OS, built on top of the open source Ubuntu Linux. It hopes to bridge the literacy-gap and access to the Internet, by providing affordable technology solutions.
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Economic Times: http://articles.economictimes.indiatimes.com/2015-01-23/news/58382627_1_10-inch-netbook-iit-bombay-tablet