You can create a Storage Policy prior to creating a namespace. You just can't associate it until the namespace is created. In the documentation, it lists Storage Policy as a pre-requisite.
Prerequisites:
Configure a cluster with vSphere with Tanzu.
Create users or groups for all DevOps engineers who will access the namespace.
Create storage policies for persistent storage. Storage policies can define different types and classes of storage, for example, gold, silver, and bronze.
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