"If the party nominates me, I am ready to contest," Rane, who had served as cabinet minister in previous Congress-NCP government, told PTI here today.
Rane said he was earlier asked about contesting the bypoll and had then said that he would convey his decision at the appropriate time.
"I have made up my mind," he said.
The bypoll, to be held on April 11, was necessitated following death of sitting Shiv Sena MLA Bala Sawant.
Rane had lost last year's Assembly election from Kudal in his home turf of Sindhudurg district to a Shiv Sena candidate by a margin of over 10,000 votes.