Salem is a prosperous town and has been developed as a modern industrial town with the steel plant on the outskirts. The township has expanded to a considerable extent during the recent years. Very strangely, the name Salem is associated with America and United Kingdom as there are a few places there bearing the same name. The word originated from the ancient name Sailam, which means an area surrounded by mountains. The place is rich in mineral wealth. Handloom textile industry has developed extensively around Salem. It can serve as a base for tourists who desire to visit some of the places around the region.