The English and Hindi-language film, starring Anil Kapoor, Dev Patel, Irfan Khan and Freida Pinto, will also be released in a Hindi-dubbed version entitled Slumdog Millionaire - Kaun Banega Crorepati' (Who Wants To Be A Millionaire').
Based on the novel Q&A by Vikas Swarup, the film follows a Mumbai slum boy whose life takes a quantum leap from begging on the streets to being a successful contestant on the game show Who Wants To BeA Millionaire'
The film has so far won awards at the Toronto International Film Festival, British Independent Film Awards and National Board of Review. It was released in the US on Nov 12 by Fox Searchlight and has grossed $5.3m to date.
Vijay Singh, Fox Star Studios India CEO, said: 'In keeping with Fox Star Studio's commitment to produce and distribute world-class local-language films, we are proud to announce the release of Slumdog Millionaire in January. It's an extraordinary film, which tells a classic Indian story in a refreshingly clever, stylish and engaging manner.'