Eyeing a bigger share in the growing mobile market,Chinese vendor Huawei announced an investment of USD 500 million over Rs 2,300 crore in its Ramp;D centre here over the next five years.
8220;We will invest 500 million dollar in our Ramp;D centre at Bangalore in the next five years which will mostly go into increasing the headcount from the current 2,000 to 5,000 in the same period,8221; Huawei Technologies CEO Max Yang said in an interview.
He said the company would undertake Ramp;D in next Generation technologies and GSM networks. Bangalore centre is the largest Ramp;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.
8220;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,8221; Yang said.
With equipment costs coming down,Huawei India is expecting a flat revenue growth this year which it says could be in the range of one billion dollar.
8220;Last year we had a revenue of one billion dollar. In 2010,we expect the same figure,8221; Yang said.
Huawei,Yang said is aiming to set up local manufacturing 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.