Class not registered Exception on initializing PackAndGoLib.PackAndGoComponent

I am unable to use CreatePackAndGo feature on Forge as I am getting the following Exception

'Exception Retrieving the COM class factory for component with CLSID {F2D4F4E5-EEA1-46FF-A83B-A270C92DAE4B} failed due to the following error: 80040154 Class not registered (Exception from HRESULT: 0x80040154 (REGDB_E_CLASSNOTREG)).' on the line mentioned below.

Dim oPacknGoComp As New PackAndGoLib.PackAndGoComponent

I have also tried by changing the project Target CPU to x86 and x64 but still problem exists. Currently referencing Autodesk.PackAndGo.Interop as Embed Interop Types = True.

This PackAndGo function is working fine when running on Local Machine with Inventor 2020 in the same project.

Please help me with this issue.