India, March 22 -- Commerce minister Piyush Goyal today reportedly said that the government has set its eyes on fostering 5,000 unicorns in the country.

As per PTI, the minister said that India aims to first scale the number of unicorns to 1,000 and then further to 5,000. He, however, did not specify the timeline for achieving the ambitious target.

Addressing the valedictory function of Vejalpur Startup Festival 2.0 in Gujarat, Goyal noted that the rise of the homegrown startup ecosystem has encouraged "job seekers to become job creators". He also said that several nations were looking to adopt India's development model, which has "given prominence to initiatives such as Startup India".

While underlining that manufacturing will remain ...