This beautiful city is said to be one of the wealthiest cities in the central India and also known as "Mini Mumbai" among native people of Indore, due to its lifestyle similarities with Mumbai. It also reflects Mumbai's potpourri of cultures, with notable Marwari, Marathi, North Indians and Sindhi populations. The potential industries for new MSMEs are Agro-based industries, Milk & milk products, Soya products, Chemical & allied products, Steel fabrication & Engineering, Domestic electrical appliances, Inverters & Stabilizers.
Indore is the official center and chief city of the district. Mhow is an essential cantonment town in Indore District. The city has three of the Indian Army's premier training institutes. The Border Security Force (BSF) has its Central School of Weapons and Tactics (CSWT) at Indore. Indore is the only city in India with both an Indian Institute of Management (IIM) and an Indian Institute of Technology (IIT).
The major industrial areas in Indore are Pologround , Laxminagar , Rau, Bhagirathpura, Shivajinagar, Hatod, Sanwer Road Sector A, etc. Moreover, the cost generally charged for goods transportation from Indore starts at 950/-. The prices may vary in accordance with the type, weight, quantity of material and distance to be travelled. The areas nearby are Aagar, Alirajpur, Balaghat, Ashoknagar, Barwani, Anuppur, Bhopal, Burahnpur, Bhind, Chatrapur, Dindori, Damoh, Chindwara, Dewas, Gwalior, Jhabua, Jabalpur, etc.