App Stops loading after adding colorPicker

[ashishpurohit30]

After running the npm install in root project folder and when trying to use it inside a component
It is showing Template parser errors.
"Can't bind to 'colorPicker' since it isn't a known property of 'input'."

package.json is also updated but still it is not working.
Please help, it is a very useful tool and I wish to use it in my Project