spfx – After deploying SharePoint extension locally, It is not displaying context menu for Document Library folders and Documents

I have created an SharePoint Extension for Context menu on Folders and Documents. It is working fine as expectation in debug mode but after deploying it(tried locally only), I am not able to see Context Menu for neither Folders nor documents.

<Elements xmlns="http://schemas.microsoft.com/sharepoint/">
    <CustomAction
        Title="LeafletForSharePoint"
        RegistrationId="100"
        RegistrationType="List"
        Location="ClientSideExtension.ListViewCommandSet.ContextMenu"
        ClientSideComponentId="5cac5dbb-xxxx-xxxx-xxxx-cf11039cxxx"
        ClientSideComponentProperties="{&quot;leafletNew&quot;:&quot;LeafletNew.&quot;, &quot;leafletEdit&quot;:&quot;LeafletEdit.&quot;,&quot;leafletCustomization&quot;:&quot;LeafletCustomization&quot;}">
    </CustomAction>
</Elements>

I have uploaded .sppkg file and added it to Site Content.