Is there any update on the status of this feature request?

It was waiting behind the release of the new layout form designer which was just released with Forms 11. Still a high priority item. 

Thanks for the update

Is there any update on this please? We are also needing to develop a Form in English and Spanish.

Priya, if you're needing something soon you can embed Google Translate if you haven't already.

You'll need to create a custom html object with HTML something like:

<p><b>Language Selector</b></p>
<div id="google_translate_element"></div>

In the form's CSS/JavaScript add this outside (before) the $(document).ready block:

$.getScript("//translate.google.com/translate_a/element.js?cb=googleTranslateElementInit");

function googleTranslateElementInit() {
    new google.translate.TranslateElement({
        pageLanguage: 'en'
    }, 'google_translate_element');
}

Thanks. Is this API free to use for educational institutions?

Yes absolutely!

Thanks

Is this the supported way from Laserfiche for displaying Forms in multiple languages or are there any other ways please?

No, as far as I'm aware Laserfiche has not released an officially supported method to select multiple languages; I know they were working on it so I could be wrong but I do not believe they have released that as a feature yet.