diff --git a/package.json b/package.json
index 4a051e2c..f396a533 100644
--- a/package.json
+++ b/package.json
@@ -23,6 +23,7 @@
     "build:watch": "lerna run build --stream --parallel -- -w",
     "prepare": "husky install",
     "publish:workspace": "yarn build && lerna publish",
-    "version:set": "lerna version --no-git-tag-version"
+    "version:set": "lerna version --no-git-tag-version",
+    "version:set-codegen": "yarn workspace @cerc-io/codegen version:set"
   }
 }
diff --git a/packages/codegen/README.md b/packages/codegen/README.md
index d5f8c163..0dc2f7a9 100644
--- a/packages/codegen/README.md
+++ b/packages/codegen/README.md
@@ -80,6 +80,36 @@ Steps:
 
   This will create a folder containing the generated code at the path provided in config. Follow the steps in [Run Generated Watcher](#run-generated-watcher) to setup and run the generated watcher.
 
+## Development
+
+* `lint`
+
+  Command to check lint issues in files
+
+  ```bash
+  yarn lint
+  ```
+
+  To fix lint issue
+
+  ```bash
+  yarn lint --fix
+  ```
+
+* `version:set`
+
+  Command to set cerc-io package versions in package.json template
+
+  ```bash
+  yarn version:set <VERSION>
+  ```
+
+  Example
+
+  ```bash
+  yarn version:set 0.2.17
+  ```
+
 ## Run Generated Watcher
 
 ### Setup
diff --git a/packages/codegen/package.json b/packages/codegen/package.json
index 0464cc83..cc9ff852 100644
--- a/packages/codegen/package.json
+++ b/packages/codegen/package.json
@@ -6,7 +6,8 @@
   "main": "index.js",
   "scripts": {
     "lint": "eslint .",
-    "codegen": "ts-node src/generate-code.ts"
+    "codegen": "ts-node src/generate-code.ts",
+    "version:set": "./scripts/set-version.sh"
   },
   "repository": {
     "type": "git",
diff --git a/packages/codegen/scripts/set-version.sh b/packages/codegen/scripts/set-version.sh
new file mode 100755
index 00000000..dac49009
--- /dev/null
+++ b/packages/codegen/scripts/set-version.sh
@@ -0,0 +1,17 @@
+#!/bin/bash
+
+# Check the command line argument value exists or not
+if [ $1 != "" ]; then
+
+# Change to script file directory
+scriptDir=$( cd "$(dirname "${BASH_SOURCE[0]}")" ; pwd -P )
+cd "$scriptDir"
+
+# Set package versions
+sed -i "s/\"@cerc-io\/cli.*/\"@cerc-io\/cli\": \"^${1}\",/" ../src/templates/package-template.handlebars
+sed -i "s/\"@cerc-io\/ipld-eth-client.*/\"@cerc-io\/ipld-eth-client\": \"^${1}\",/" ../src/templates/package-template.handlebars
+sed -i "s/\"@cerc-io\/solidity-mapper.*/\"@cerc-io\/solidity-mapper\": \"^${1}\",/" ../src/templates/package-template.handlebars
+sed -i "s/\"@cerc-io\/util.*/\"@cerc-io\/util\": \"^${1}\",/" ../src/templates/package-template.handlebars
+sed -i "s/\"@cerc-io\/graph-node.*/\"@cerc-io\/graph-node\": \"^${1}\",/" ../src/templates/package-template.handlebars
+
+fi