New Delhi: Eyeing a bigger share in the growing mobile market, Chinese vendor Huawei announced an investment of $500 million (over 2,300 crore) in its R&D centre over the next five years. This will mostly go into increasing the headcount from the current 2000 to 5000 said Max Yang, CEO, Huawei Technologies. Yang said that the company would undertake R&D in next Generation technologies and GSM networks. Bangalore centre is the largest R&D centre of Huawei outside Shenzen, in China. The 30-billion dollar Chinese vendor, which has been under security scanner repeatedly, has completed 10 years in India. "India is a price-sensitive market. We are here for a long haul. As new operators start operations and existing ones expand we see more demand," said Yang. "Last year we had a revenue of one billion dollar. In 2010, we expect the same figure," Yang said. Huawei is also aiming to set up a local manufacturing unit in India and would be happy to bid for the manufacturing units of the state-owned Indian Telephone Industries. The government is proposing to set up three special purpose vehicle companies for divesting stake in three of the six manufacturing plants owned by ITI.