For world no.1 Saina, who has won the title here thrice before (2009, 2010 and 2012), it will be real test of her character after the straight game loss to China's Shixian Wang in the women's singles quarterfinals at the Australian Open.
While Saina has been seeded second in the women's singles event, world no.4 Srikanth is seeded fourth in the men's singles competition.
Other Indians competing in the tournament are Manu Attri, B Sumeeth Reddy, Pranaav Jerry Chopra, Akshay Dewalkar, H S Prannoy and Ajay Jayaram.
In the opening round of the men's singles event, Kashyap will play Thailand's Tanongsak Saensomboonsuk, while Srikanth will be up against Denmark's Hans-Kristian Vittinghus.
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Meanwhile in the women's singles competition, Sindhu will take on Hsu Ya-Ching, while London Olympics bronze medallist Saina will square up against Thailand's Nichaon Jindapon.
In the women's doubles event, Jwala and Ashwini will meet Japanese pair of Naoko Fukuman and Kurumi Yonao in the first round.