The E&Y Agency and Jharkhand government’s Information Technology Department today signed a contract agreement to select an agency to help set up an IT City in 170 acres land in Ranchi on PPP mode.

The selected company is supposed to pick up Start-ups to help the state government chalk out plan to establish Innovation/Incubation Centre.

In a meeting presided by Jharkhand’s IT cum E-Governance Department Secretary Sunil Kumar Barnwal,the contract agreement was signed between the Department and E & Y Agency in Ranchi today.

“Taking note of the ongoing works in the IT sector across the world,the E & Y Agency will analyse the socio-economic condition prevalent in the state and help the state government formulate its IT policy”,said the state IT Department in a statement adding that the E & Y Agency will hold “Road Show,IT Summit in the country and abroad.”