India and New Zealand are favoured to take the top two positions in Group D ahead of Ireland and Nepal.
The biennial 16-nation tournament features nine Test-playing nations and seven Associate and Affiliate Members -- Afghanistan, Canada, Fiji, Namibia, Nepal, Ireland and Scotland.
Teams have been divided into four groups with the top two in each advancing to the Super League quarter-finals and the other two qualifying for the Plate Championships.
India arrived in Bangladesh today with a power-packed batting line-up that includes Sarfaraz Khan, a bright young batsmen who turns out for Virat Kohli's Royal Challengers Bangalore in the Indian Premier League.
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Sarfaraz joins Ricky Bhui and Avesh Khan for their second appearance in the premier age-group tournament, having also participated in 2014. Another batsman that will be noticed in Bangladesh is Armaan Jaffer, nephew of former Indian opener Wasim Jaffer.
Dravid, who retired from international cricket in 2012 with more than 10,000 runs in both Test and one-day cricket, gave up his lucrative television commitments last year to take up the challenging job of coaching both the India A and under-19 squads.
Under his guidance, India's teenagers have won a tri-series in Sri Lanka before Christmas last year that also featured England and defeated both Afghanistan and Bangladesh at home in November.
India will be captained by Ishan Kishan, a left-handed batsman and wicketkeeper, who hails from World Cup-winning captain Mahendra Singh Dhoni's home state of Jharkhand.