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4India Search Banner Exchange
http://www.4indiasearch.com/
Offer a banner exchange service for Indian and India related websites.
India Banner Link
http://www.gadnet.com/ibl/
Banner exchange program for Indian sites.
India Banner Network
http://www.indiabanner.com/
Banner exchange network for Indian sites.
India Link Exchange
http://www.indialinkexchange.com/
Banner exchange for South Asian websites.
Indian Link Exchange
http://www.indianlinkexchange.com/
Banner exchange network.
Indiax Banner Exchange
http://banner.indiax.com
Provides buying, selling, and exchange of banners on Indian web sites.
My-India Banner Exchange AdNetwork
http://www.my-india.net/b/
Features banner exchange with 3:2 ratio, and 75 ads for every single clickthrough.