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Cinnamon: Cinnamon (Cinnamomum verum, synonym C. zeylanicum) is a small evergreen tree belonging to the family Lauraceae, native to Sri Lanka, or the spice obtained from the tree's bark.
Klaus K. Klostermaier, in his book A Survey of Hinduism p. 18 says:
"For several centuries a lively commerce developed between the ancient Mediterranean world and India, particularly the ports on the Western coast. The most famous of these ports was Sopara, not far from modern Bombay, which was recently renamed Mumbai. Present day Cranganore in Kerala, identified with the ancient Muziris, claims to have had trade contacts with Ancient Egypt under Queen Hatsheput, who sent five ships to obtain spices, as well as with ancient Israel during King Soloman's reign. Apparently, the contact did not break off after Egypt was conquered by Greece and later by Rome.
... simply because modern scholars do not want to admit that the ancients could have had better maritime technology than they would like to accept. It is entirely possible modern scholars are wrong on the kind of maritime technology the ancients had, and certainly there is evidence of the ancients having sophisticated maritime technology to undertake deep sea voyages.
The evidence in favour of Punt being in the Indian subcontinent is strong, as all of fauna of Punt can be found in the Indian subcontinent, and some which can ONLY be found in the Indian subcontinent. For example cinnamon, which is native to the Indian subcontinent is found in Sri Lanka.
In his Karnak Annals, Tuthmosis III twice records receipt of goods from Punt. In Year 33 (c. 1447 BC) Marvels brought to His Majesty from the land of Punt in this year: Dried myrrh, 1685 heqat-measures; gold (of Amau?...deben)
in Year 38 (c. 1442 BC): Marvels brought to the might of His Majesty from the land of Punt: Dried myrrh, 240 heqat-measures
However, during Ramessess III reign there is clear evidence of an expedition to Punt: Quote: I construced great transport vessels with towboats before them, equipped with strong crews ... loaded with limitless goods from Egypt. They are innumerable, as myriads, despatched on the Red Sea. They reached the land of Punt, unaffected by (any) misfortune, safe and respected. The towed transports and tugs were loaded with the products of God's Land... much myrrh of Punt, loaded by myriads, limitless.
After Ramessess III there is no mention of Punt except for a 21st Dynasty stela that says that rain has fallen on the mountain of Punt. Apparently this was very rare for the stela called it a "great marvel" and that it had not "be seen or heard before." According to this stela, the mountain of Punt must be near the headwaters of the Nile or in the Nile drainage because it says that rains caused a "Nile-flood to sustain your forces."