I was getting the following error message.
The import failed because D:\VirtualMachines\cloudera-quickstart-vm-4.3.0-vmware\cloudera-quickstart-vm-4.3.0-vmware.ovf did not pass OVF specification conformance or virtual hardware compliance checks. Click Retry to relax OVF specification and virtual hardware compliance checks and try the import again, or click Cancel to cancel the import. If you retry the import, you might not be able to use the virtual machine in VMware Player.
On selecting to retry, I was further getting the following error message.
Failed to open virtual machine: SHA1 digest of file cloudera-quickstart-vm-4.3.0-vmware.ovf does not match manifest.
Initially, it seemed like a corrupt download. Later with little bit of googling, I found out the solution.
WinZip I was using to extract
tar.gz file was not able to extract it. Then by extracting with 7-Zip, I was able to run the VM successfully.