I found a quick solution to this problem. I assume that the problem is due to my company's SSL settings.
I changed the registry search as follows (on my Windows laptop) and it fixed the problem.
set registry.search=http:
This should work on unix systems too, where you need to create an env variable with the above key and value.
You can also change the registry setting in the .bowerrc file.
You can follow a quick and dirty fix. Do not do this as a permanent solution.
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