Is there an EMI option to buy an Iphone in India

There should be an EMI option to buy an Iphone in India as India is a vast growing economy probably there should be certain schemes as such provided by the company to sell their product in the market .with this idea the phone will sell like a hot cake give my the views regarding this msg.

I think the EMI option doesn't work in India unlike U.S as people take the phone and then may default. Then there is no way of tracking the person who defaulted. But I suppose the plan provided by Aircel (to refund complete cost of iPhone 4) is almost same but it is reverse. Thus you pay the complete payment to Aircel and then, company pays you back in each installment. Probability of a big company defaulting is very less.

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