Concept:
Contemporary Indian artists are known for experimenting with different materials, installation methods, and mixed-media practices. Their artworks often combine sculpture, video, steel, rope, and other unconventional materials.
Step 1:
Subodh Gupta is internationally famous for using stainless steel utensils and metallic surfaces in his artworks.
Thus:
\[
A \rightarrow III
\]
Step 2:
Vivan Sundaram's installation work ‘House/Boat' combines multiple materials such as paper, steel, wood, and video elements.
Thus:
\[
B \rightarrow IV
\]
Step 3:
Navjot Altaf is known for multimedia and video-based installation practices. ‘Touch IV' is associated with video installation.
Thus:
\[
C \rightarrow I
\]
Step 4:
Sheela Gowda frequently works with thread, rope, hair, and other tactile materials. This artwork is associated with rope sculpture.
Thus:
\[
D \rightarrow II
\]
Therefore, the correct matching is:
\[
A-III,\; B-IV,\; C-I,\; D-II
\]
Hence, the correct answer is:
\[
\boxed{\text{(3) A-III, B-IV, C-I, D-II}}
\]