According to reports, businessman Bavaguthu Raghuram Shetty is planning to rope in ad filmmaker VA Shrikumar Menon to direct the magnum opus.
Academy Award winners will be hired for the project – so far the costliest in the history of Indian cinema.
MT Vasudevan Nair, a Padma Bhushan and Jnanpith awardee, will be writing the screenplay.
Shetty is the founder and chairman of UAE Exchange and NMC Healthcare. The shooting of this film is expected to begin in September 2018.