Fox Star Studios, a joint venture between Twentieth Century Fox and Star, has announced it will co-produce "Dum Maaro Dum", director Rohan Sippy and actor Abhishek Bachchan's third movie together.

"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, " Vijay Singh, CEO, Fox Star Studios India, said in a statement.

Ramesh Sippy, the co-producer of the movie, also echoed similar sentiments.

"We are extremely excited to partner on our next project with people who are like minded and have a vision to take the film places," said Sippy.

"Dum Maaro Dum" reunites Rohan Sippy and Abhishek after "Kuch Naa Kaho" and "Bluffmaster".

"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.

An action-thriller, the film races through India's largest tourist destination Goa. It also stars Bipasha Basu, Aditya Panscholi, Pratiek Babbar and Telugu star Rana Daggubati, who will make his Bollywood debut.