"We have a very talented side and we have strong will to go and win the tournament," Preity said here.
"Last time we had seven injured players which no one could help. I believe an IPL team is judged by the strength of strong domestic players and not the international players. We have three-four new domestic players and I hope they will strengthen the base," she added.
Preity was here to participate in a health event organised by UNAIDS.
Yuvraj Singh led Preity's team in first two editions of IPL matches but this time Sri Lankan all-rounder Kumar Sangakkara is set to lead Kings XI Punjab.
Asked about the change in captaincy, she said: "Many IPL teams are re-shuffling in batting, bowling and other departments. Sangakkara is a talented man (to lead the team)."
"But Yuvraj is our most valuable player. In our team, I want to say, there is no place for 'I'. It's 'we'. We as a team will win or lose."
Commenting on important bowler Brett Lee's injury, Preity said: "He is recovering."
She, however, said that they are keeping their fingers crossed and "praying" for a great show in the tournament.