Transcend India have launched 32GB compact flash card.Apart from obviously athe huge storage capacity this card can operate in both duel channel and ultra DMA mode. This card seems to have preety neat read write speed. Read speed upto45MBPS and write speed of upto 18MBPS.

This card also has in built in error correction mecanism during data transfer which will prevent from data loss.
Priced at Rs. 10500/- this card doesnot come cheap. but the amount of storage that it provides probably will make pros and semi pro photographers very happy. Though my guess is; it is 25% overpriced for the Indian market.
Here are some more details:
Features
- Ultra-fast 133X performance with dual-channel support
- Conforms to CF Type I standards
- Data transfer rate: 21.5MB/sec(Max)*
- Supports Ultra DMA mode 0-4**
- CompactFlash 4.0 compliant
- Built-in hardware ECC technology for detecting and correcting errors
- ATA interface
- Low power consumption
- Multi-platform compatibility
- RoHS compliant
- Lifetime Warranty
Specification
Size : 42.8mm x 36.4mm x 3.3mm
Op. Voltage : 3.3V/5V
Op. Temperature : -25°C(-13°F) to 85°C(185°F)
Durability : 10,000 insertion/removal cycles
Weight : 11.4g (Max.)