The film which has been in the works since late 1990's is to be produced by Corsan Productions, Belgium in partnership with Neelmudra Entertainment, India on a budget of $35 million.
According to Asiaonline, the story of the film spans two continents and time periods and revolves around a British officer in colonial India in love with an Indian girl (Ash), and an American marine biologist struggling to save his research partner who is trapped in the wreckage of a colonial Brit merchant ship.
The film, to be directed by Roland Joffé, was earlier named "The Invaders."
Along with the title, the script of the film was also revised earlier this year, though the basic story line remains the same.
It is likely the star cast of the film has changed too. Hollywood star Brendan Fraser and Bollywood star Viveik Oberoi were earlier part of the cast.
While Brendan Fraser's participation in the project is yet to be confirmed it is likely that Viveik Oberoi will be dropped from the cast due to his past romantic association with Aishwarya who is now married to Abhishek Bachchan.