MUMBAI: After tasting success with My Name Is Khan, Fox Star Studios India (FSSI) has announced its next project, Dum Maaro Dum, that it is going to co-produce with Ramesh Sippy Entertainment.

The film's title is supposedly derived from a popular song of the same name from Dev Anand’s highly successful film Hare Rama Hare Krishna.

Produced by Ramesh Sippy, the film is being directed by his son Rohan.

While the budget of the film has not been disclosed, it is said that the film will star Abhishek Bachchan along with Bipasha Basu.

Dum, a thriller set in the drug underworld of Goa, will feature music by composer Pritam. The project marks the second time RSE has pacted with a Hollywood studio, following the banner's 2009 co-production "Chandni Chowk To China" with Warner Bros India, which was a commercial and critical failure.

Says FSSI CEO Vijay Singh, "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."

Adds Fox International Production head Sanford Panitch, "By teaming with My Name is Khan, we demonstrated our commitment to filmmaking in this region and our capabilities as a serious production entity in India. 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."