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Yes, Mi Redmi is made in India. This mode of production becomes cheaper because Indian govt. charges less custom tax on raw products and higher on finished products. The profit drive after pay taxes, pay electricity bill, depreciation cost, salary to Indian workers and other, is the profit of the company.
Xiaomi. listen)) is a Chinese electronics company founded in April 2010 and headquartered in Beijing. Xiaomi makes and invests in smartphones, mobile apps, laptops, bags, earphones, shoes, fitness bands, and many other product