Devgn would be playing the character of Jeetendra from the latter's super hit film of 1983.
"I don't think I would have been able to do 'Himmatwala' as he (Jeetendra) was in his 40s when he did the film. Ajay is the best and he has got an action image also. I am happy that the right actor is doing it. I am happy that the film is made by a successful director," Tusshar told PTI.
Director Sajid is positive that his movie will earn Rs 100 crore within its first week itself.
Asked if he and producer sister Ekta Kapoor ever thought of remaking 'Himmatwala', Tusshar said, "We have not thought of it. Sajid has always told me he liked the film and he wanted to do it. I am dying to see what he will be doing."
When asked whether he was jealous of Devgn doing the film, Tusshar said, "We are not jealous... As I am not dying to do 'Himmatwala' and Ekta is also not dying to produce it."
"As long as it gets made well, gets a good release and people throw coins in the theatre like they did for the original, that is victory. It was one of the greatest hits of his time, but there is a huge list," he said.
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"If I had to act in any of my father's remakes then I would like to do films like 'Carvan' and 'Farz', as he was young and I am too," he said.
"Also now action time is going on... But when the time of family dramas come in, his (Jeetendra) films like 'Maang Bharo Sajna' and others can be made," he said.
The leading lady for Sajid's new version has not been announced yet, but the director says she will be a newcomer. The film will go on floors in August.
Meanwhile, Tusshar is gearing up for his next release, 'Kya Super Kool Hain Hum', a sequel to the 2005-hit 'Kya Kool Hain Hum'.
Releasing on July 27, the film, directed by Sachin Yardi, features Tusshar, Riteish Deshmukh, Neha Sharma and Sarah Jane Dias.