(Disclaimer: This is not an official announcement/news)
BangPypers  is planning a "Bangalore Python Conference"  in next February or March.
According to Ramdas from DevelopeIQ, there are at least 5000 Pythonistas in Bangalore .
This may be true, I know there are two scientific talks going to happen in my near by place, (but I won't be attending it, I am not a scientific guy). Those scientific talks uses Python at "FOSS in Science" (National Workshop on Free Software in Science) on 4-6 January, 2007 
(Venue: Union Christian College, Alwaye, Kochi, Kerala)
a. Scientific Computing and Data Visualization using Python -Dr. Prabhu Ramachandran, IIT Bombay 
b. Experimental Physics with Phoenix -Mr. Pramode C.E 
I think there are many Python programmers all over India. May be we need an "Indian Python Conference" soon.