Kanak, you got the right information!
AI is planning to start this program by early next year. They are still working on this plan and it is yet to be advertised. The plan is to take 100/200 candidates 'with technical degrees' for further training!
I am sure soon more airlines would come up with such plans. Jet and Indigo already started Ab Initio plans.
Hope this would help!
Good Luck!