This is not true. That being said, I have serious doubt about capital investment in these projects even by the government of India. They are doing it the way they do government work and that will make sure they will have outdated stuff and advantage will be squandered away.
The Union government will provide subsidy on artificial intelligence (AI) compute power for the next four years, as per Information and Broadcasting Minister Ashwini Vaishnaw.
www.tribuneindia.com
Individual companies will likely do investment. India has few good ones. The one that I personally respect the most is Zoho and their products in CRM space.
Its CEO (a Princeton PhD) now moved to Research again recently is also aiming to enter this field. He is pretty competent at technology. Though he has some weird ideas too.