DNA India says it best:

An unconventional techie rebellion has reached Indian shores. Fighting the onslaught of “invite-only” expensive trade conferences, the Silicon Valley software community started the Bar Camp in 2005. A year on, the movement is in India, home to an enviable pool of technology professionals.

In other words: first Silicon Valley, then the world!

Bwahaha!

…oh.

Just kidding! Ha!

Update: Economic Times Mumbai picks up the story.