MUMBAI: On the heels of Barack Obama‘s re-election as the President of the United States Revel Films, the makers of the 2010 flick Phas Gaye Re Obama has declared that a sequel to the film will go on floors in the early part of 2013.

Producer Ashok Pandey said, "I think this is the perfect time for a sequel. In fact, we were thinking of this for some time now. Given that there was a very strong feeling that Obama would be returned to the seat of power for the second time."

The film titled Bach Gaye Re Obama would be helmed by Anshul Sharma who was the associate director to Subhash Kapoor in the original.

Talking about the story of the upcoming film in short, Pandey said, "The bottom line of the film will be ‘getting out of recession.‘"

Though the makers want to retain the cast of the original, they are also thinking of roping in veterans like Paresh Rawal and Naseeruddin Shah.

In all probability, the film will release by spring in 2014.