The news is finally out. The 3G iPhone would be sold in India by Vodafone and the 8GB model of the handset would cost Rs 31,000 ($712), while the 16GB model will cost Rs 36,100 ($828).

The costs are pretty high as India till now does not even have 3G services. However, it is being said the services would be available by next year.

The Apple iPhone 3G was launched in Toronto on July 11, 2008 and Airtel and Vodafone will start selling the same handset in India from Friday. Airtel, however, still has to announce its price, but it seems that prices would somewhat be similar to Vodafone.

The same handsets in the US Market are quite cheaper, where one can get the 8GB model for $199 and the 16GB model for $299. So, it seems that people in India will think twice before they spend such large amount on these iPhones.

Recently, Vodafone sent an SMS to the people who had already registered with the company to acquire the handset. It seems that as of now, only the pre-registered customers will buy the 3G iPhone.