@manan
u should try attending one of those startup meets. maybe one of them is currently working on someting similar and will take you up on your idea
not sure abt E&TC, but in Mech when we approach a company for a company project, they take us on for projects they alredy intend to work on to design something the company needs. We join their design team and assist them in it.
not heard of any big Indian peripheral mfg who is into this thing - i dont keep track of such development though
recieved newsletters from indiblogger which had informed abt these meets. one was to be held in M'bai
offered no help, but u mite wan2 look in that direction