While stressing on the importance of an acting institute, the star called upon the Malaysian government to build such a school in the country.

"I was failed in all other aspects of filmmaking and was completely bankrupt because my dreams were higher than realities. So, I started my acting school in a small room with 12 students to prepare future actors and actresses. I will request Malaysian government also to build an acting school here as it will help to produce a profession," Kher said while addressing IIFA 2015's inaugural session "Business Forum".

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The 60-year-old actor, who has completed 31 years in the Hindi film industry, said he is happy that Bollywood movies have made a mark in the international diaspora.

"Our cinema has evolved in last 60 years because we have made people happy through our films. The main purpose of our storyline is to spread happiness. Our cinema has an emotional connect," he said.

The actor credited the Indian Prime Minister Narendra Modi for making Indian cinema popular. "India is a young country and entertainment was the last in the priority list of our previous government. The business of Indian cinema is no way looking back. I have full faith in Modi ji and thanks to his many visits that people look at Indian cinema with respect," he said.

Kher condemned the usage of word Bollywood. "I hate to use Bollywood. We have coined a word similar to Hollywood. Our industry is Hindi film industry and it has the potential to take over any industry in next 10 years because of the infrastructure and corporates pitching in," he said.