diff --git a/CMakeLists.txt b/CMakeLists.txt
index aba5aa69f8..5b6b7c48d2 100755
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -38,7 +38,7 @@ find_program (GIT NAMES git)
 
 ## Setup the package version based on git tags.
 set(PKG_VERSION_GIT_TAG_PREFIX "rsmi_pkg_ver")
-get_package_version_number("7.2.0" ${PKG_VERSION_GIT_TAG_PREFIX} GIT)
+get_package_version_number("7.3.0" ${PKG_VERSION_GIT_TAG_PREFIX} GIT)
 message("Package version: ${PKG_VERSION_STR}")
 set(${ROCM_SMI_LIBS_TARGET}_VERSION_MAJOR "${CPACK_PACKAGE_VERSION_MAJOR}")
 set(${ROCM_SMI_LIBS_TARGET}_VERSION_MINOR "${CPACK_PACKAGE_VERSION_MINOR}")
diff --git a/python_smi_tools/rocm_smi.py b/python_smi_tools/rocm_smi.py
index 11f0bc3dc4..5dfad29731 100755
--- a/python_smi_tools/rocm_smi.py
+++ b/python_smi_tools/rocm_smi.py
@@ -32,7 +32,7 @@ from rsmiBindings import *
 # Patch version - Increment when adding a fix, set to 0 when minor is incremented
 # Hash  version - Shortened commit hash. Print here and not with lib for consistency with amd-smi
 SMI_MAJ = 2
-SMI_MIN = 2
+SMI_MIN = 3
 SMI_PAT = 0
 # SMI_HASH is provided by rsmiBindings
 __version__ = '%s.%s.%s+%s' % (SMI_MAJ, SMI_MIN, SMI_PAT, SMI_HASH)