diff --git a/pom.xml b/pom.xml
index f83c68864e..aa0bb066b6 100644
--- a/pom.xml
+++ b/pom.xml
@@ -1301,7 +1301,7 @@
         <carbon.apimgt.ui.version>9.0.520</carbon.apimgt.ui.version>
 
         <!-- APIM Component Version -->
-        <carbon.apimgt.version>9.29.47</carbon.apimgt.version>
+        <carbon.apimgt.version>9.29.50</carbon.apimgt.version>
 
         <carbon.apimgt.imp.pkg.version>[9.0.0, 10.0.0)</carbon.apimgt.imp.pkg.version>