The men are seeded sixth while the women are seeded fourth in the 10-team tournament which starts tomorrow and if the players can play to the best of their abilities, a medal is a possibility, Ramesh told PTI.
Grandmaster Vidit Gujrathi will spearhead the Indian challenge in the men's event, along with K Sasikiran who recently won the Capablanca Memorial tournament in Cuba.
The other members of the team are B Adhiban, Parimarjan Negi and Karthikeyan Murali.
The tournament will also see the return of Parimarjan Negi, who had taken a break from competitive chess to complete higher studies in the US.
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The women's squad comprises S Vijayalakshmi (captain), D Harika, Tania Sachdev, Padmini Rout and Eesha Karvade.
The men's team had won a bronze in 2009, but the Indian women are yet to bag a medal in the tournament.
Georgia, China, Poland, Ukraine, Egypt, Russia, USA, Vietnam, Azerbaijan and India are the competing teams in women's event.
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