Google India and ICICI Bank with collabaration with HostGator has introduced a program called IndiaGetOnline.
In this program they offer a free .in domain name (depend on avaliability) and free hosting for one year. Google India also made it compulsory for businesses to enter their Permanent Account Number (PAN) or Tax Deduction Account Number (TAN) at the time offilling registration form.
Website will be integrated with Google Apps so you also get access to other Google products like Gmail, Google Analytics, Google Docs and more. Google India also giving you Google Adwords coupons of INR 2.5k for free to promote your website on Google.
A set of readymade templates are their to create a website easily. Pick any template that fit with your your business and customize the text and pictures.
Google india not specified anywhere about renewal charges for next year for your website registration and hosting .