I have found one huge tools shop in Lohar chawl, in the heart of Mumbai city. this shop is really huge and stocks all types of tools
Details :

T.M.Mohamedally
Showroom: 119, Maskati Mahal, 1st Floor,
Room No. 14-17, Lohar Chawl
Mumbai - 400002
Ph : 91 22 22019954
      91 22 66331109
      91 22 22078755
      91 22 22057614
url : www.tmmtools.com

This stores stock Dremel tools as well..
i have purchased a plastic tool box  (Clarke - England) and one dremel (clone) tool attachment set.

Thanks
       

How much did you pay for the Dremel Clone ??

not dremel clone , but only attachments set for 350
well ,the clone is available for 1000 here

thanks for sharing the link! seems like the search for handy tools gets over at this place!

Here is another... ORIGINAL DREMEL (BOSCH DEALER)

http://www.rcindia.org/tools-materials-and-building-techniques/dremel-its-clones-and-their-uses/msg11448/#msg11448