IOS Module not found error when adding Objective-C framework projects using CocoaPods as a module in Swift project

I have scenario where i have couple of SDKs and a test app. Here is the example.

SDKCore - “Objective-C Framework”

SDKUI - “Objective-C Framework”

• SDKCore is added as a dependency using Cocoapods pod 'SDKCore', :path => '../SDKCore' and with flag ‘use_frameworks’
• SDKUIViewController uses methods from SDKCore. I’m importing like this @import SDKCore;

Code

#import "SDKUIViewController.h"
@import SDKCore;

@interface SDKUIViewController ()

@end

@implementation SDKUIViewController

- (void)viewDidLoad {
    [super viewDidLoad];
    // Do any additional setup after loading the view.

    [SDKClass hitTest];
    self.view.backgroundColor = [UIColor redColor];
}

@end

SDKTestSwift

• SDKCore is added as a dependency using Cocoapods pod 'SDKCore', :path => '../SDKCore' and with flag ‘use_frameworks’
• SDKUI is added as a dependency using Cocoapods pod 'SDKUI', :path => '../SDKUI' and with flag ‘use_frameworks’

Problem is when i compile SDKTestSwift I’m getting Module SDKCore not founda compile error on one of the files from SDKUI (See attached)

Really got stuck here. Thanks a lot in advance.

You can download the sample project from here.