Reportedly titled "Saare Jahaan Se Achcha", the film was first offered to Aamir and Priyanka Chopra. It was Priyanka who had confirmed Aamir's name for the biopic earlier.
When asked the reason of giving up the project, Aamir said he had his reasons.
"It is a great script. I loved the script and the story of Mr Sharma is fascinating. It is true that I called up Shah (Shah Rukh). I said, 'Shah you should hear the script, it is fantastic. It will be right for you, if you like it'.
"I am glad he liked the script and he is doing it," he said in an interview here.
Mahesh Mathai will direct the film from Anjum Rajabali's script. The film will be produced by Siddharth Roy Kapur and Ronnie Screwvala under their banners Roy Kapur Films and RSVP Films, respectively.
The makers will start work on the biopic early next year.
And Aamir believes this is how things should work in the film industry where actors suggest each other's name for respective projects.
"... I am certainly not competitive and I have not felt that with Shah Rukh and Salman," he added.
The film is slated to release on November 8.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)