I am using Liferay 6.2 + Tomcat 7.0 to build a web application using portlets.
Now, when I want to work for some other project (creating a web service), whenever I create a dynamic web project using the Eclipse IDE, I get an error -
The SDK name of this PluginsSDK project is not set.

I tried downloading a new copy of Tomcat 7.0 and pointed to a new project, still getting the same error.
Can anyone ask what I'm missing here?
EDIT :
I do not get the project validation option in eclipse:

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