The action-adventure project features Devgn in the lead role and will see him doing high-octane stunts shot in India and Bulgaria.
When asked if "Shivaay" can give competition to Hollywood, Devgn told reporters, "The intention is not to give tough competition to Hollywood, but to raise our bar. If they can make it at that level, we can also make it at that level. That is the intention."
The 47-year-old actor was speaking at the trailer launch of "Shivaay" here today.
Devgn was asked about the status of his much awaited film with wife Kajol and the actor said they will start working on the project by the end of this year.
"The film is our home production. It will start by the end of this year."
"Shivaay" has been produced and directed by Devgn. It is his second directorial venture after the 2008 romantic-drama "U Me Aur Hum".
"Shivaay" is scheduled to release on October 28.
