Possible. In India, you can get anything if you are ready to pay a fixed amount of bribes to the ruling party. The Indian National Congress has set new world records in corruption. Their term is going to end in less than 5 months from now, and it is almost sure that they'll be wiped out in the 2014 elections. So currently there is a scramble to loot as much money as possible. If someone pays them $$$, then it will be possible for him to open a BTC exchange.