MUMBAI: After acquiring Karan Johar’s My Name is Khan last year, Fox Star Studios has now joined hands with Ramesh Sippy Productions to co-produce Dum Maaro Dum, which will be directed by Rohan Sippy. The movie stars Abhishek Bachchan, Bipasha Basu, Pratiek Babbar and Aditya Panscholi.

According to sources close to the development, the movie is being made on a budget of Rs 350 million (Rs 35 crore). The movie went on floors last week in Goa. The first shooting schedule will last for a month.

“We are committed to working with the best talent in the business and are delighted to be working with the winning pair of Rohan and Abhishek on Dum Maaro Dum. It’s an amazing script that we are all very excited about. It’s going to be a film to watch out for in 2010,” said Fox Star Studios India CEO Vijay Singh.

“Fox Star Studios has established a strong presence in the Indian Film industry in a very short time and have ably demonstrated their marketing and distribution capabilities – we are extremely excited to partner on our next project with people who are like minded and have vision to take the film places,” added Ramesh Sippy.

“I am happy to team up yet again with Abhishek, who is a marvelous actor, and together we promise to provide edge of the seat excitement to audiences,” said Rohan Sippy.

Fox International Production head Sanford Panitch added, “By teaming with the great filmmakers with My Name is Khan, we demonstrated our commitment to filmmaking in this region and our capabilities as a serious production entity in India. It is our passion and endeavor to tap into local feature films that are entertaining and appeal to local audiences. We are quite selective about the films and filmmakers that we partner with and we are extremely proud of our association with Rohan and Abhishek, which further reflects our ongoing commitment to partner with the best talent in the local market.”

Dum Maaro Dum will also see Andhra Pradesh actor Rana Dagubatti making his Hindi film debut. The music of the film is by Pritam.