Hi, let me help to answer this. There is no product binding for CIF on AEM as a Cloud Services any more. All the configuration is done via Cloud Services now.
@Nikhil-Kumar if you follow the instructions documented you should already see products in the product console in your local AEM Cloud SDK setup. The CIF Add-On comes pre-configured with a config that connects to the default store in Magento. If you would like to connect multiple or different stores go to Tools > Cloud Services > CIF Configuration in your AEM author.