Deepak--
If you'd like to run your VI in LabVIEW on the other computer, they just need to have the Vision Development Module. You can download this and use it for a trial 30 days. For LabVIEW 8.2 get Vision Development Module 8.2.1. It is in the current section of Drivers and Updates on our website. If you'd like to distribute this application, meaning you build a stand alone executable, you'll need to get the Deployment Module for 7.1.1 This will allow you to distribute Vision with your application. You can search on our website for more information on any of these products. Best of luck.
John H
Applications Engineer
National Instruments
http://www.ni.com/support