Yet another sector set to undergo strong expansion in Brazil over the coming years has been earmarked by one of the world´s leading companies. Search engine giant Google has announced big plans for its Brazilian operations, taking advantage of government initiatives aimed at rapidly developing the country´s IT and internet infrastructure.
A report in the Financial Times explains that Google’s revenue forecast for Brazil is for an 80% increase in 2011, with Fábio Coelho, the head of Google’s Brazilian subsidiary, pointing out that there is huge room for improvement to the country´s broadband and smart phone usage rates. Google Brazil expects to employ an additional 175 workers over the course of the year, a 50% increase on the present 350 spread amongst a number of offices.
Brazil’s communications minister Paulo Bernardo recently commented that the federal government could spend up to R$1 billion per year to 2014 on internet and IT initiatives.