Ashutosh Gowarikar, director of India's Oscar nominated cricket epic Lagaan, is lining up a new $6m film starring Shahrukh Khan.
Called Swades, the film will be funded by Mumbai's UTV Motion Pictures and produced through Ashutosh Gowarikar Productions. Billed as a patriotic film set in contemporary times, it is being targeted both at the local Indian market and at the international market.
UTV chairman Ronnie Screwvala told Screendaily.com that he expected 30% of the movie's revenue to come from foreign sales.
UTV Motion Pictures is also launching two other ambitious projects. Chalte Chalte, a $5m film directed by Aziz Mirza, with Rani Mukherjee and Shahrukh Khan in the lead, is almost complete and scheduled for release in June 2003. The other film titled Laksh, is a $6m production with Amitabh Bachchan and Hrithik Roshan.