RCT_NEW_ARCH_ENABLED=1 bundle exec pod install fails

[asthapatel3020]

Description

Whenever I try to install the pod using the RCT_NEW_ARCH_ENABLED=1 bundle exec pod install command it fails and shows the following error. Is there any specific thing I am missing to add inside the pod file or anything? Can anyone help me out?

Version

0.70.6

Output of npx react-native info

System:
OS: macOS 12.4
CPU: (8) x64 Apple M1
Memory: 35.04 MB / 8.00 GB
Shell: 5.8.1 - /bin/zsh
Binaries:
Node: 14.15.3 - /usr/local/bin/node
Yarn: 1.22.10 - /usr/local/bin/yarn
npm: 6.14.9 - /usr/local/bin/npm
Watchman: 2023.01.02.00 - /usr/local/bin/watchman
Managers:
CocoaPods: 1.11.3 - /Users/asthapatel/.rvm/gems/ruby-2.7.5/bin/pod
SDKs:
iOS SDK:
Platforms: DriverKit 21.4, iOS 15.5, macOS 12.3, tvOS 15.4, watchOS 8.5
Android SDK: Not Found
IDEs:
Android Studio: 2021.3 AI-213.7172.25.2113.9123335
Xcode: 13.4.1/13F100 - /usr/bin/xcodebuild
Languages:
Java: 16.0.2 - /usr/bin/javac
npmPackages:
@react-native-community/cli: Not Found
react: 18.1.0 => 18.1.0
react-native: 0.70.6 => 0.70.6
react-native-macos: Not Found
npmGlobalPackages:
react-native: Not Found

Steps to reproduce

try to run RCT_NEW_ARCH_ENABLED=1 bundle exec pod install

Snack, code example, screenshot, or link to a repository

N/A

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