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Is India at risk of becoming an "AI Colony"? In this incisive episode of Front Page, legendary investor and former Infosys CFO Mohandas Pai breaks down the structural failures driving India’s top AI founders to San Francisco. While the government celebrates summits and "carnivals," Pai argues that "peanuts" in funding won't win a global war being fought with billions of dollars in the US and China. Key highlights of this conversation include: The ₹50,000 Crore Call: Why India must shift from small subsidies to massive R&D investments to match global "hyper-cloud" and GPU capacity. The Bengaluru AI City: A deep dive into the upcoming private-led AI hub in Bellandur designed to house 300+ startups and global R&D labs. Bureaucracy vs. Innovation: Pai’s "bold plan" to replace slow-moving Delhi-centric committees with private sector experts to disburse capital in weeks, not years. The Founder Exodus: An urgent look at why over 100 Indian AI founders have left for the Bay Area and how to bring the "next generation" back. Competitive Federalism: A candid comparison between the AI ambitions of Andhra Pradesh’s Chandrababu Naidu and the current state of Karnataka’s leadership. "The country which has the top AI is the country that's going to dominate the planet." Join us for a masterclass in policy, tech-sovereignty, and the hard economic truths India must face to become a $10 trillion economy by 2035. Chapters - 00:00 - 01:15 - Why AI moment is urgent globally 01:15 - 02:54 - Need for ₹50,000 crore AI & deep-tech fund 02:54 - 04:20 - India vs US & China investment gap 04:20 - 05:55 - Announcements vs execution problem 05:55 - 08:04 - Anthropic–Infosys partnership significance 08:04 - 10:00 - Founder exodus to the US 10:00 - 12:38 - Capital shortage in Indian AI startups 12:38 - 15:39 - Why India struggles to build LLMs 15:39 - 18:55 - What policymakers must do immediately 18:55 - 25:00 - How to deploy the ₹10,000 crore fund 25:00 - 29:31 - Investment committee & governance model 29:31 - 32:18 - Bengaluru AI City concept explained 32:18 - 35:40 - Why AI should start in Bengaluru 35:40 - 38:00 - India’s AI roadmap to 2035