To my knowledge India never had a great deal of ship building in its history. At least I've never heard of an Indian shipyard producing cruiser sized vessels or larger. Smaller local vessels appears to be the main focus of their industry throughout history, and imported larger vessels from other nations. (UK/Empire/Commonwealth for the period in question, and from memory their navy became an interesting mix of stuff contracted from other nations, and purchased surplus
Much of the trade between Asia and Europe came through the Indian Ocean in the Twentieth Century until today and for many centuries, in fact. It was, is, and will remain one of the world's most strategic water ways.
I had mostly meant Military ship building. India itself has never appeared in most references of naval history, merchant or military, that I have read as being exceptionally notable. The fact that they sit in the middle
of the shipping route really kind of suggests that much of building is going to happen at either end anyway by those with the greatest interests (profits) in going from point A to B.
They had a decent history for pre-industrial ship building as seen in nearly any coastal area with access to lumber, but most of it appears to be for smaller local trade vessels. (Haven't found anything along the scale of Ships of the Line from the high age of Sail) After the area was taken by British forces it appears to have somewhat stagnated in that industry, and instead much of the ships used were produced else where in the empire in more centralized fashion. Then the industrial revolution took full swing, wooden ships became obsolete, and it appears that major ship building in the modern sense was delayed into the 30s and 40s, and a notable industry doesn't appear to have been reborn till well into the 70s.
If someone has references showing more than what I've found, then I would love to see them. Big fan of Naval history.