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@VladimirN, thanks for your reply but that solution did not work for me.
So, I added the feature name "PROE_DesignPrmP " in the "parametric.psf" file and it worked. As PROE_DesignPrmP does include option module "CFD_Basic" or "CFD Advance" licenses.
Article - "About Creo Flow Analysis packages introduction in Creo Parametric": https://www.ptc.com/en/support/article/CS277387
@VladimirN, thanks for your reply but that solution did not work for me.
So, I added the feature name "PROE_DesignPrmP " in the "parametric.psf" file and it worked. As PROE_DesignPrmP does include option module "CFD_Basic" or "CFD Advance" licenses.