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Click Xilinx "Xilinx Tools" and then "Repositories"

After this a pop-up "Preferences" will appear.

Click "New..." button of "Local Repositories (available to the current workspace)"

Select "C:\XilinxProject\TE-EDK-IP".

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title Add reference with double indirection (as required by Xilinx SDK)
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Click "Apply".

You should click "OK".

After this, you should wait until the building procedure ended.