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DRA829V: Yocto project build for PSDKLA Release 06.02.00 is failing

Part Number: DRA829V

Yocto project build for Processor SDK Linux Automotive Release 06.02.00 is failing on Ubuntu 18.04 host. I downloaded the Linux SDK from this link and set it up using the instructions provided in getting started guide. The build fails for chromium-ozone-wayland recipe for want of max open file descriptor limit on the host, which is already set well beyond the suggested value 4096. Here's the build log:

$ bitbake tisdk-rootfs-image
WARNING: Layer meta-psdkla should set LAYERSERIES_COMPAT_meta-psdkla in its conf/layer.conf file to list the core layer names it is compatible with.
NOTE: Started PRServer with DBfile: /var/mentor/ti-j7-evm/ti-processor-sdk-linux-automotive-j7-evm-06_02_00/yocto-build/build/cache/prserv.sqlite3, IP: 127.0.0.1, PORT: 38021, PID: 8208
WARNING: Layer meta-psdkla should set LAYERSERIES_COMPAT_meta-psdkla in its conf/layer.conf file to list the core layer names it is compatible with.
Loading cache: 100% |###############################################################################################################################################################################| Time: 0:00:01
Loaded 4012 entries from dependency cache.
WARNING: No recipes available for:
  /var/mentor/ti-j7-evm/ti-processor-sdk-linux-automotive-j7-evm-06_02_00/yocto-build/sources/meta-arago/meta-arago-distro/recipes-browser/chromium/chromium-wayland_%.bbappend
NOTE: Resolving any missing task queue dependencies

Build Configuration:
BB_VERSION           = "1.40.0"
BUILD_SYS            = "x86_64-linux"
NATIVELSBSTRING      = "ubuntu-18.04"
TARGET_SYS           = "aarch64-linux"
MACHINE              = "j7-evm"
DISTRO               = "arago"
DISTRO_VERSION       = "2019.11"
TUNE_FEATURES        = "aarch64"
TARGET_FPU           = ""
meta-arago-distro    
meta-arago-extras    = "HEAD:605813a3f91146c7537b4d7537f55ef17b0ab80e"
meta-psdkla          = "HEAD:2e5243668840d2df6083c07af32608c87c50dcfd"
meta-browser         = "HEAD:5f365ef0f842ba4651efe88787cf9c63bc8b6cb3"
meta-qt5             = "HEAD:1520d5b2b2beec5e1c3209d3178219e93ef08bca"
meta-virtualization  = "HEAD:7685c7d415e0002c448007960837ae8898cd57a5"
meta-networking      
meta-python          
meta-oe              
meta-gnome           
meta-filesystems     = "HEAD:446bd615fd7cb9bc7a159fe5c2019ed08d1a7a93"
meta-ti              = "HEAD:aa7bc18ca835e1ab6520790fc5e21ba54b792c55"
meta-linaro-toolchain 
meta-optee           = "HEAD:615ea7561b844a3867cee4299d83d605c10b02ab"
meta                 = "HEAD:e68991ceb5933f7d03b96697e8a0ba0829feb320"

Initialising tasks: 100% |##########################################################################################################################################################################| Time: 0:00:08
Sstate summary: Wanted 17 Found 0 Missed 17 Current 2601 (0% match, 99% complete)
NOTE: Executing SetScene Tasks
NOTE: Executing RunQueue Tasks
ERROR: chromium-ozone-wayland-75.0.3770.142-r0.arago0 do_check_fdlimit_for_linking: The current maximum number of open file descriptors is too low (1024), and causes ld.bfd to fail to link Chromium. Please use ulimit -n to increase it to a higher value, such as 4096, or switch to gold or lld.
ERROR: chromium-ozone-wayland-75.0.3770.142-r0.arago0 do_check_fdlimit_for_linking: Function failed: do_check_fdlimit_for_linking
ERROR: Logfile of failure stored in: /var/mentor/ti-j7-evm/ti-processor-sdk-linux-automotive-j7-evm-06_02_00/yocto-build/build/arago-tmp-external-arm-toolchain/work/aarch64-linux/chromium-ozone-wayland/75.0.3770.142-r0.arago0/temp/log.do_check_fdlimit_for_linking.8273
ERROR: Task (/var/mentor/ti-j7-evm/ti-processor-sdk-linux-automotive-j7-evm-06_02_00/yocto-build/sources/meta-browser/recipes-browser/chromium/chromium-ozone-wayland_75.0.3770.142.bb:do_check_fdlimit_for_linking) failed with exit code '1'
NOTE: Tasks Summary: Attempted 3674 tasks of which 3673 didn't need to be rerun and 1 failed.
NOTE: Writing buildhistory

Summary: 1 task failed:
  /var/mentor/ti-j7-evm/ti-processor-sdk-linux-automotive-j7-evm-06_02_00/yocto-build/sources/meta-browser/recipes-browser/chromium/chromium-ozone-wayland_75.0.3770.142.bb:do_check_fdlimit_for_linking
Summary: There were 3 WARNING messages shown.
Summary: There were 2 ERROR messages shown, returning a non-zero exit code.
$ 
$ lsb_release -a
No LSB modules are available.
Distributor ID:	Ubuntu
Description:	Ubuntu 18.04.2 LTS
Release:	18.04
Codename:	bionic

The same issue is reproducible on Ubuntu 16.04 LTS host.