diff --git a/.gitignore b/.gitignore
index 5005962aee..2015eb221f 100644
--- a/.gitignore
+++ b/.gitignore
@@ -3,7 +3,7 @@
 .env
 
 stacks
-/info.json
+/deploy/docker/fs/opt/appsmith/info.json
 
 # to ignore the node_modeules folder
 node_modules
diff --git a/deploy/docker/.gitignore b/deploy/docker/.gitignore
deleted file mode 100644
index 51b4a89f32..0000000000
--- a/deploy/docker/.gitignore
+++ /dev/null
@@ -1,2 +0,0 @@
-test/*
-stacks/*
\ No newline at end of file
diff --git a/scripts/generate_info_json.sh b/scripts/generate_info_json.sh
index 8eac9534e3..3f1cb70010 100755
--- a/scripts/generate_info_json.sh
+++ b/scripts/generate_info_json.sh
@@ -8,24 +8,16 @@ commit_sha="$(git rev-parse HEAD)"
 # Base URL of the current repository on GitHub.
 base_url="$(git remote get-url origin | sed 's,^git@github\.com:,https://github.com/,; s/\.git$//')"
 
-git_ref="${GITHUB_HEAD_REF-}"
-if [[ -z "$git_ref" ]]; then
-  # If the GITHUB_HEAD_REF environment variable is not set, then we are not running in a GitHub Actions workflow.
-  # In that case, we will use the current branch name as the git ref.
-  git_ref="$(git symbolic-ref HEAD || echo)"
+if [[ "${GITHUB_REF-}" =~ ^refs/tags/v ]]; then
+  version="${GITHUB_REF#refs/tags/v}"
+else
+  latest_released_version="$(git ls-remote --tags --sort=-v:refname "$(git remote | head -1)" 'v*' | awk -F/ '{print $NF; exit}')"
+  echo "latest_released_version = $latest_released_version" >&2
+  next_version="$(echo "$latest_released_version" | awk -F. -v OFS=. '{ $NF++; print }')"
+  echo "next_version = $next_version" >&2
+  version="$next_version-SNAPSHOT"
 fi
 
-# Tag, if any, on the HEAD commit.
-# Output of this `describe` command is described at https://git-scm.com/docs/git-describe#_examples.
-git_tag="$(
-  # If HEAD is a commit in the `master` branch, then `git describe --tags` will give a relevant tag name.
-  if git merge-base --is-ancestor HEAD origin/master; then
-    git describe --tags --match 'v*' --dirty --broken | sed 's/-g.*$//'
-  fi
-  # This will look like `v1.9.30` when HEAD is the tag `v1.9.30`, or something like `v1.9.30-10` when HEAD is 10 commits
-  # ahead of the tag `v1.9.30`.
-)"
-
 if [[ -n ${GITHUB_RUN_ID-} ]]; then
   github_run_url="$base_url/actions/runs/$GITHUB_RUN_ID/attempts/${GITHUB_RUN_ATTEMPT-1}"
 fi
@@ -33,10 +25,9 @@ fi
 jq -n \
   --arg commitSha "$commit_sha" \
   --arg commitUrl "$base_url/commit/$commit_sha" \
-  --arg gitRef "$git_ref" \
   --arg githubRef "${GITHUB_REF-}" \
-  --arg gitNearestTag "$git_tag" \
   --arg githubRunUrl "${github_run_url-}" \
+  --arg version "$version" \
   --arg imageBuiltAt "$(date -u -Iseconds)" \
   --argjson isCI "${CI:-false}" \
   '$ARGS.named' | tee "$(git rev-parse --show-toplevel)/deploy/docker/fs/opt/appsmith/info.json"