diff --git a/components/gcp/container/component_sdk/python/setup.py b/components/gcp/container/component_sdk/python/setup.py
index 32947a265b5..e274eb830f7 100644
--- a/components/gcp/container/component_sdk/python/setup.py
+++ b/components/gcp/container/component_sdk/python/setup.py
@@ -15,7 +15,7 @@
 from setuptools import setup
 
 PACKAGE_NAME = 'kfp-component'
-VERSION = '0.1.27'
+VERSION = '0.1.30'
 
 setup(
     name=PACKAGE_NAME,
diff --git a/sdk/python/setup.py b/sdk/python/setup.py
index 17764b67966..29326280991 100644
--- a/sdk/python/setup.py
+++ b/sdk/python/setup.py
@@ -15,7 +15,7 @@
 from setuptools import setup
 
 NAME = 'kfp'
-VERSION = '0.1.27'
+VERSION = '0.1.30'
 
 REQUIRES = [
     'urllib3>=1.15,<1.25',  #Fixing the version conflict with the "requests" package