Mumbai: As many as 325 project proposals, which were pending because various industrial policies governing them had expired, were approved by the cabinet on Tuesday. They are expected to attract investments of over Rs 1 lakh crore and create 93,317 jobs, officials said.Various industrial policies, including Maharashtra Electronics Policy 2016, Maharashtra Space and Defence Sector Production Policy 2018 and Maharashtra New Industrial Policy 2019, had expired. The process of drafting the new policies is underway. After the finance department approved incentives among the proposals, it will be possible to provide subsidies to industry components until the new policies are implemented.Under Maharashtra Electronics Policy 2016, 313 pending proposals were approved, through which an investment of Rs 42,926 crore and 43,242 jobs are expected, officials said. Ten proposals were given the nod under Maharashtra Space and Defence Sector Production Policy 2018, which are likely to bring in investment of Rs 56,730 crore and generate 15,075 jobs. Two proposals, with the potential for Rs 1,000 crore investment and 35,000 jobs, were cleared under Flatbed Industrial Complexes Policy 2018 for readymade garment manufacturing, gems and jewellery, microelectronics and engineering components.