Sun India is having an open source coding contest for university students across India called Code For Freedom - in honor of the freedom of open source and the freedom of India found 60 years ago.
From the site:
Sun Microsystems is happy to announce the Code For Freedom contest where students across India contribute to the technologies that are empowering the participation age. Participating in this contest will provide you with precious industry experience while still learning in college. And there is more. We in turn reward you for your valuable contribution in taking the first steps towards the open source movement.
For more information, see http://in.sun.com/communities/univ/codeforfreedom/