India looks set to announce a low-cost laptop today which could be as cheap as 500 rupees ($10), according to the Times of India.

That's one-tenth the price of the so-called $100 laptops Nicholas Negroponte's One Laptop Per Child Project is aiming for. Laptops built by OLPC, which currently cost twice as much as the $100 target, are seen as too expensive by the Indian government. The cost is not quite down to $10 yet, but Indian officials say once large-scale production begin, it will be.

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The '$10 laptop' - which will have 2GB RAM, Wi-Fi capabilities and will run on 2W of power - has been under development for several years. Several groups have been working on the project, including students at Vellore Institute of Technology, scientists in Indian Institute of Science, Bangalore and IIT-Madras.

"At this stage, the price is working out to be $20 but with mass production it is bound to come down," Higher Education Secretary R P Agarwal told The Times.

The laptop is part of a government project called the National Mission on Education.