Hi Vijesh Vijayan,
This is for your update that if you follow the sequence in your scenario that you will be able to CIF the required master data.
1) CIF -Location Master first
2) CIF - Material and Location Master later
Note: If you have already ciffed the location master and you are not sure of the integration model, go to CFM5 and find out the integration model.
Note2: Error mentioned in your screenshot is just an information, go ahead and generate the integration model and do CFM2.
Let me know, once you are done with the above steps.
Thanks
Sai Dacha