The script of the biopic on iconic Chinese-American star, Bruce Lee, is a work in progress. The 71-year-old filmmaker has signed up to co-write and direct the film titled, Little Dragon, his first China project.
"We are working on the script," Shekhar said, adding that the first script draft was written by Bruce's daughter, Shannon Lee.
Little Dragon is being planned as an official U S - China co-production, with several Chinese companies expected to co-finance and co-produce the film.
The feature film will chronicle Bruce's early life before he left Hong Kong for Hollywood and went on to become an icon and Kung-Fu movie master in the 1970s.
Shekhar also believes Indian films have a big market in China.
"I used to say Indian films will definitely be very popular in China and yes, they are. Dangal has proved what I said," he told PTI, after completing his chief judge assignment at the 28thSingapore International Film Festival yesterday.
Aamir Khan's Dangal or Let's Wrestle, Dad raked in more than USD 93.3 million within a month, when it released in China in May this year.
Shekhar's said his ambitious project, Paani is ready for take-off again and awaits investors' commitment.
He said the film will have new artistes as those who worked in the film, including Sushant Singh Rajput, were much older than the age of actors required for the roles.
Shekhar, who worked on the film for 15 years, conceded Paani is an expensive project and would cost about USD 30 million.
The director said he is dedicated to the art of filmmaking.
"Every morning when I wake up, I say to myself I should be working more," he added.