Abstract-The murrel or striped snakehead Channa striatus, a carnivorous air breather, is one of the valuable food fish, which deserves immediate attention for commercial scale seed production and grow-out farming. It is one of the best and excellent table-size fish in Bangladesh, India as well as in South East Asia. It fetches high prices in the market due to strong demand, higher nutritional and pharmaceutical values, food delicacy, and can also be sold alive. The fish is considered as one of the commercially important species in Thailand, Philippines, Malaysia, India, Bangladesh, Vietnam and Cambodia. However, in the recent years, the natural stocks of the fish are decreasing severely due to the increased anthropogenic activities, habitat alterations and unstrained harvesting. As a result, the natural breeding and feeding grounds of this high-valued fish species have been destroyed, which caused havoc to the biodiversity leading to decline in wild stocks. Presently, C. striatus is considered as a threatened fish species in Bangladesh. Due to the non-availability of quality seeds and difficulty in induced breeding of this fish, not much could be achieved towards commercialization of the species or conservation. Keeping this in mind, it is now very important to protect this endangered species in a sustainable and worthwhile manner. In the present investigation, advancement of the controlled breeding, seed production and culture protocols have been described and the difficulties faced by the farmers and farm-entrepreneurs in snakehead farming are briefly discussed and suggestions to overcome the problems are accentuated.