Google is offering free Get .in Domain and Hosting in association with Hostgator, ICICI. You will be getting a free .in web domain (provided it is available) and free web hosting for one year. Such free offers are always a goldmine for spammers but Google India has made it mandatory for businesses to enter their PAN/TAN at the time of registration.
The .in domain will registered to you while Hostgator will manage the website hosting* though you can move the site to any other web host for free.
Though offer seems to be lucrative but some people are not very much excited about it. Check it out for yourself India Get Your Business Online