I think the true Indian company use is seen in the .co.in registrations. That being said, lets say that there are 50% co.in registrations left, well in reality, since they are cheaper by half, that means in order to buyout the rest of the 50%, it would cost the same that it does to buy out the last 25% of LLL.in's. Which means, these domains are about a step behind lll.in, but not by much.

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When LLL.in runs out, there will be a run on LLL.co.in. Imagine the power of the .india extension when both are sold out!