On thebitcoinexchange.co.in funds will be hold in cold storage. Funds are sent immediately from the online hot wallet directly to an offline cold storage wallet when you deposit Bitcoin. Even if the server is hacked, or seized, your money is 100% safe.
There will be btc/usd ltc/usd etc. pairs.
Bounty: If you make a good logo for thebitcoinexchange.co.in I send you 0.1 btc. Pm me please