Santosh Jain, an industrialist, is producing the film and is also the writer-director. Jain said he has already approached the star and she liked the script.
"The process is underway. We have approached Barrymore and she is considering it. As soon as everything is finalised we will make a formal announcement," Jain told PTI.
"Barrymore has a very Indian face and she fits the character. The script required an international star like Kate Winslet or Drew Barrymore and we settled for the 'Charlie's Angels' star," Jain said when asked what made him decide upon the Hollywood star.
Jain's film revolves around three women and apart from Barrymore he has also approached two top Bollywood stars for his project, whose initial budget is estimated at Rs 150 crore.
"It would be premature to give names unless they confirm their participation. My film is dedicated to Indian woman and the holy river Ganges. It will be bigger than Rajnikanth's 'Robot'," said Jain, adding that the movie will be in Hindi and English.
The director also claims that it would be India's first film to be shot in stereo scopic IMAX 3D version after James Cameron's megahit 'Avatar'.
Jain says he has already recorded two songs for the film--one has been sung by Lata Mangeshkar and second by Kunal Ganjawala of 'Bheege Honth' fame.
"The song that I have sung is very nice, peppy item song. It is a Punjabi number. I am elated that Drew Barrymore is a part of the project," Ganjawala told PTI.
The film is slated to go on floor in November this year and is expected to release around 2012, Jain said, adding that the movie will be shot in Haridwar, Varanasi, Europe, US and Dubai.