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Large number of storage / insertion of records in MySQL - Part 1

Please provide solution for following issues for a web based application in ASP.NET 3.5:

There is requirement for approx 10 to 20 million records entry in the database daily, or we can say that there would be around entry of 10 lakh records per table on daily basis. What would be the best Database Design, Model & Architecture in MySQL database. Need proper optimization for quick retrieval, insertion, updates & deletion. Also provide the hardware detail that would required to handle such a large database in long term.
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k_murli_krishna
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Thanks for the sugestion... in right direction.
The complete solution to this issue is very wide, I think it can't be descrided here. It would be more better if you can provide me more links.