Bangalore based company launches tablet Tabplus Rio at Rs 11,990 23 Jan, 2012, 1948 hrs IST, ET Bureau BANGALORE: A Bangalore based company has launched a new tablet, named Tabplus Rio, at Rupees 11,990. Launched by Digital Waves, the Android 2.3 tablet comes with a 1 GHz Cortex A9 processor, 7 inch screen with storage up to 32GB via Micro SD. In the recent years, India's tablet market has witnessed increasing competition, with several local manufacturers rolling out devices at affordable rates. According to the Manufacturer's Association of IT Industry, the industry expects to sell around 3 lakh tablets in the current financial year. "While laptop category will witness around 15% growth, tablets will grow at 100% being a new category," MAIT said in a statement. Tabplus Rio comes with 1 year warranty and will be shipped free of cost across India.