Vedanta Group's discussions with Innolux Corporation for a display fabrication plant in India:

Vedanta Group:

 A diversified Indian multinational conglomerate involved in various industries, including metals and mining, oil and gas, and power.

Innolux Corporation:

 A Taiwan-based company that specializes in the manufacturing of thin-film-transistor liquid-crystal display (TFT LCD) panels and other display-related products.

TFT LCD:

 Thin-Film-Transistor Liquid-Crystal Display, is a type of technology used in flat-panel displays, including computer monitors, television screens, and other devices.

Display Fabrication Plant: 

A facility where displays, such as LCD panels, are manufactured and assembled. It involves the fabrication process of creating the components that make up electronic displays.

Minister of State for Electronics and IT (Rajeev Chandrasekhar):

 A government official responsible for the electronics and information technology sector in India.

Atmanirbharta:

 A term in Hindi that translates to self-reliance. In the context of Indian government policies, it refers to the goal of making India self-sufficient in various sectors, including electronics manufacturing.

Semiconductor: 

A material with electrical conductivity between that of a conductor and an insulator. Semiconductors are the foundation of electronic devices and integrated circuits.

Joint Venture: 

A business arrangement where two or more parties agree to combine their resources and expertise to achieve a specific business goal.

Foxconn:

 A Taiwanese multinational electronics contract manufacturer known for its large-scale production of electronic devices, including those for major technology companies.

USD 19.5 billion investment:

 The amount of money Foxconn initially planned to invest in setting up a semiconductor wafer fabrication plant in collaboration with Vedanta Group.

Hi-tech Electronics Manufacturing:

 The production of advanced and sophisticated electronic components and devices.

Electronic Chip Manufacturing Plant:

 A facility dedicated to the production of integrated circuits or microchips, essential components in electronic devices.

Japanese Companies: 

Other potential partners or collaborators in the semiconductor business, indicate Vedanta's efforts to explore multiple partnerships for its initiatives.

These terms provide a basic understanding of the key elements and concepts mentioned in the news article.

Courtesy by:  The Economic Times