India and Iran have reached on the final agreement on India's first foreign port project, Chabahar Port. The new agreement is intended to replace the original contract, which only covers India's operations at the Shahid Beheshti terminal in Chabahar port and is renewed every year. The new agreement will be valid for 10 years and will be automatically extended. Jaishankar, Minister, External Affairs, said on X that he began his engagements in Tehran by meeting Mehrdad Bazrpash, Minister, Roads and Urban Development. India has been pushing for the Chabahar port project to boost regional trade.