diff --git a/dockers/docker-platform-monitor/Dockerfile.j2 b/dockers/docker-platform-monitor/Dockerfile.j2
index 884fd565c3a4..b3af66971938 100755
--- a/dockers/docker-platform-monitor/Dockerfile.j2
+++ b/dockers/docker-platform-monitor/Dockerfile.j2
@@ -11,6 +11,7 @@ ENV DEBIAN_FRONTEND=noninteractive
 RUN apt-get update &&   \
     apt-get install -y  \
         python-pip      \
+        python3-dev     \
         ipmitool        \
         librrd8         \
         librrd-dev      \
@@ -21,6 +22,9 @@ RUN apt-get update &&   \
         i2c-tools &&    \
     pip install enum34
 
+# Install python3 required packages
+RUN python3 -m pip install --no-cache-dir setuptools wheel
+
 {% if docker_platform_monitor_debs.strip() -%}
 # Copy locally-built Debian package dependencies
 {{ copy_files("debs/", docker_platform_monitor_debs.split(' '), "/debs/") }}
@@ -47,6 +51,7 @@ RUN apt-get update &&   \
 
 # Clean up
 RUN apt-get purge -y           \
+        python3-dev            \
         python-pip          && \
     apt-get clean -y        && \
     apt-get autoclean -y    && \
diff --git a/dockers/docker-platform-monitor/start.sh b/dockers/docker-platform-monitor/start.sh
index 58e481476b93..0884266e2308 100755
--- a/dockers/docker-platform-monitor/start.sh
+++ b/dockers/docker-platform-monitor/start.sh
@@ -31,3 +31,20 @@ if [ $? -ne 0 ]; then
        echo "Error: Unable to locate ${SONIC_PLATFORM_WHEEL}"
     fi
 fi
+
+# If the python3 sonic-platform package is not installed, try to install it
+python3 -m pip show sonic-platform > /dev/null 2>&1
+if [ $? -ne 0 ]; then
+    SONIC_PLATFORM_WHEEL="/usr/share/sonic/platform/sonic_platform-1.0-py3-none-any.whl"
+    echo "sonic-platform package not installed, attempting to install..."
+    if [ -e ${SONIC_PLATFORM_WHEEL} ]; then
+       python3 -m pip install ${SONIC_PLATFORM_WHEEL}
+       if [ $? -eq 0 ]; then
+          echo "Successfully installed ${SONIC_PLATFORM_WHEEL}"
+       else
+          echo "Error: Failed to install ${SONIC_PLATFORM_WHEEL}"
+       fi
+    else
+       echo "Error: Unable to locate ${SONIC_PLATFORM_WHEEL}"
+    fi
+fi
diff --git a/dockers/dockerfile-macros.j2 b/dockers/dockerfile-macros.j2
index 8a4a3ae01411..5952d59f566f 100644
--- a/dockers/dockerfile-macros.j2
+++ b/dockers/dockerfile-macros.j2
@@ -5,7 +5,7 @@ RUN dpkg_apt() { [ -f $1 ] && { dpkg -i $1 || apt-get -y install -f; } || return
     {%- endfor %}
 {%- endmacro %}
 
-{% macro install_python_wheels(packages) -%}
+{% macro install_python2_wheels(packages) -%}
 RUN cd /python-wheels/ && pip install {{ packages | join(' ') }}
 {%- endmacro %}
 
@@ -13,6 +13,23 @@ RUN cd /python-wheels/ && pip install {{ packages | join(' ') }}
 RUN cd /python-wheels/ && pip3 install {{ packages | join(' ') }}
 {%- endmacro %}
 
+{% macro install_python_wheels(packages) -%}
+{%- set py2_pkgs, py3_pkgs = [], [] %}
+{%- for pkg in packages %}
+    {%- if 'py3' in pkg %}
+       {{- py3_pkgs.append(pkg) or '' }}
+    {%- else %}
+       {{- py2_pkgs.append(pkg) or '' }}
+    {%- endif %}
+{%- endfor %}
+{%- if py3_pkgs | length %}
+{{ install_python3_wheels(py3_pkgs) }}
+{%- endif %}
+{%- if py2_pkgs | length %}
+{{  install_python2_wheels(py2_pkgs) }}
+{%- endif %}
+{%- endmacro %}
+
 {% macro copy_files(prefix, files, dest) -%}
 COPY \
     {%- for file in files %}
diff --git a/files/build_templates/sonic_debian_extension.j2 b/files/build_templates/sonic_debian_extension.j2
index 2fbd6687d800..590b7370c250 100644
--- a/files/build_templates/sonic_debian_extension.j2
+++ b/files/build_templates/sonic_debian_extension.j2
@@ -169,6 +169,12 @@ sudo cp {{platform_common_py2_wheel_path}} $FILESYSTEM_ROOT/$PLATFORM_COMMON_PY2
 sudo https_proxy=$https_proxy LANG=C chroot $FILESYSTEM_ROOT pip install $PLATFORM_COMMON_PY2_WHEEL_NAME
 sudo rm -rf $FILESYSTEM_ROOT/$PLATFORM_COMMON_PY2_WHEEL_NAME
 
+# Install sonic-platform-common Python 3 package
+PLATFORM_COMMON_PY3_WHEEL_NAME=$(basename {{platform_common_py3_wheel_path}})
+sudo cp {{platform_common_py3_wheel_path}} $FILESYSTEM_ROOT/$PLATFORM_COMMON_PY3_WHEEL_NAME
+sudo https_proxy=$https_proxy LANG=C chroot $FILESYSTEM_ROOT pip3 install $PLATFORM_COMMON_PY3_WHEEL_NAME
+sudo rm -rf $FILESYSTEM_ROOT/$PLATFORM_COMMON_PY3_WHEEL_NAME
+
 # Install Debian packages and their dependencies which are needed by sonic-utilities
 sudo LANG=C DEBIAN_FRONTEND=noninteractive chroot $FILESYSTEM_ROOT apt-get -y install -f python-m2crypto
 
diff --git a/rules/docker-platform-monitor.mk b/rules/docker-platform-monitor.mk
index 72f9e145d6d4..e864f42a7072 100644
--- a/rules/docker-platform-monitor.mk
+++ b/rules/docker-platform-monitor.mk
@@ -11,8 +11,11 @@ ifeq ($(CONFIGURED_PLATFORM),barefoot)
 $(DOCKER_PLATFORM_MONITOR)_DEPENDS += $(PYTHON_THRIFT)
 endif
 $(DOCKER_PLATFORM_MONITOR)_PYTHON_WHEELS += $(SONIC_PLATFORM_COMMON_PY2)
+$(DOCKER_PLATFORM_MONITOR)_PYTHON_WHEELS += $(SONIC_PLATFORM_COMMON_PY3)
 $(DOCKER_PLATFORM_MONITOR)_PYTHON_WHEELS += $(SWSSSDK_PY2)
+$(DOCKER_PLATFORM_MONITOR)_PYTHON_WHEELS += $(SWSSSDK_PY3)
 $(DOCKER_PLATFORM_MONITOR)_PYTHON_WHEELS += $(SONIC_PY_COMMON_PY2)
+$(DOCKER_PLATFORM_MONITOR)_PYTHON_WHEELS += $(SONIC_PY_COMMON_PY3)
 $(DOCKER_PLATFORM_MONITOR)_PYTHON_WHEELS += $(SONIC_PLATFORM_API_PY2)
 $(DOCKER_PLATFORM_MONITOR)_PYTHON_WHEELS += $(SONIC_LEDD)
 $(DOCKER_PLATFORM_MONITOR)_PYTHON_WHEELS += $(SONIC_PCIED)
diff --git a/slave.mk b/slave.mk
index 2d45b2c1e13f..b9cebdf9a169 100644
--- a/slave.mk
+++ b/slave.mk
@@ -813,6 +813,7 @@ $(addprefix $(TARGET_PATH)/, $(SONIC_INSTALLERS)) : $(TARGET_PATH)/% : \
         $(addprefix $(PYTHON_WHEELS_PATH)/,$(SONIC_PY_COMMON_PY3)) \
         $(addprefix $(PYTHON_WHEELS_PATH)/,$(SONIC_CONFIG_ENGINE)) \
         $(addprefix $(PYTHON_WHEELS_PATH)/,$(SONIC_PLATFORM_COMMON_PY2)) \
+        $(addprefix $(PYTHON_WHEELS_PATH)/,$(SONIC_PLATFORM_COMMON_PY3)) \
         $(addprefix $(PYTHON_WHEELS_PATH)/,$(REDIS_DUMP_LOAD_PY2)) \
         $(addprefix $(PYTHON_WHEELS_PATH)/,$(SONIC_PLATFORM_API_PY2)) \
         $(addprefix $(PYTHON_WHEELS_PATH)/,$(SONIC_YANG_MODELS_PY3)) \
@@ -851,6 +852,7 @@ $(addprefix $(TARGET_PATH)/, $(SONIC_INSTALLERS)) : $(TARGET_PATH)/% : \
 	export swsssdk_py2_wheel_path="$(addprefix $(PYTHON_WHEELS_PATH)/,$(SWSSSDK_PY2))"
 	export swsssdk_py3_wheel_path="$(addprefix $(PYTHON_WHEELS_PATH)/,$(SWSSSDK_PY3))"
 	export platform_common_py2_wheel_path="$(addprefix $(PYTHON_WHEELS_PATH)/,$(SONIC_PLATFORM_COMMON_PY2))"
+	export platform_common_py3_wheel_path="$(addprefix $(PYTHON_WHEELS_PATH)/,$(SONIC_PLATFORM_COMMON_PY3))"
 	export redis_dump_load_py2_wheel_path="$(addprefix $(PYTHON_WHEELS_PATH)/,$(REDIS_DUMP_LOAD_PY2))"
 	export redis_dump_load_py3_wheel_path="$(addprefix $(PYTHON_WHEELS_PATH)/,$(REDIS_DUMP_LOAD_PY3))"
 	export install_debug_image="$(INSTALL_DEBUG_TOOLS)"