Giggs, 42, who is currently in India to participate in the inaugural edition of the Premier Futsal, a private futsal league, spoke to the media about the prospects of Indian football and suggested that India needs a vision to grow. Ryan Giggs is the marquee player of the Mumbai 5s team.
Speaking to reporters, Giggs said: "First of all you need a vision, a short term vision and a long term vision and you stick to that vision. You need the interest and so this is what we are trying to do with Futsal.
"Get more interest within the game, within football within the younger generation. In Wales it's quite similar, we have rugby and football and in India, it is cricket and cricket is the main sport, also there are a lot of people who enjoy watching and playing football as well."
The Manchester United legend further added: "Coaching needs to be right, so the young players need the right education and coaching and facilities, but you need a vision and someone to have that vision and implement it.
"You have seen with Iceland, you have seen with Wales, as long as you have vision and you stick to it, you can be successful."
Mumbai 5s have qualified for the semi-final topping Group A. They will take on Hernan Crespo led Kolkata 5s in the semi-final on Saturday (July 23). [Full schedule of Premier Futsal]
The reporters asked Giggs about Wales' performance in the Euro 2016, to which he responded: "I wasn't surprised with the performances because they showed it in the group and came out of a tough group, obviously surprised to get to the semi-final as no one expected that.
"But not surprised as they did well, in the end they could have quite easily won, a couple of suspensions hurt them, but it was a fantastic competition for Wales and it just captured the imagination of the nation."
Ryan Giggs recently quit his job as the assistant manager of Manchester United. He had also revealed about his ambitions of becoming a manager.
He said: "Ya, I am looking to be a manager and that's what I want to do first and foremost. If the right offer comes, I will jump it and I am not in rush, but at the same time, I don't want to leave it too long."