Presented by HBO, the fest will mark the US premiere of the movie that has also been co-written by Kashyap and his lady love Kalki Koechlin, who plays the lead in the movie.
"Kashyap is at the forefront of independent South Asian cinema. Having his film premiere with SAIFF is an absolute honour. 'That Girl in Yellow Boots' represents transition, and Kashyap pushes cinematic boundaries in order to make that happen, " said Galen Roesenthal, SAIFF programme director, in a statement.
Set in Pune and Mumbai, "That Girl in Yellow Boots" is a moving story of the travails of a white-skinned foreign girl named Ruth, played by Kalki, who comes to India in search of her Bengali photographer father.
On her journey, she bribes bureaucrats to extend her tourist visa and learns parlour massage. In her quest, she also supports a drug-addicted beau. However, things change when she comes on the radar of the underworld.
Also starring in the movie are Naseeruddin Shah, Prashant Prakash, Gulshan Devaiya, Shivkumar Subramaniam, Divya Jagdale, Kumud Mishra and Kartik Krishnan in pivotal roles.
The movie has already won critical acclaim at the Toronto International Film Festival (TIFF) and the Venice Film Festival.
Other movies to be screened at the gala include Saurabh Shukla's "Paapu Can't Dance Saala" and "I Am 24", "I Am Kalam", "Paan Singh Tomar" and Aamir Bashir's directorial debut "Harud" to name a few. The festival concludes Nov 2.